Crude Oil (WTI) (J1) ST: supported by a rising tre

Crude Oil (WTI) (J1) ST: supported by a rising trend line.

USOil

Trading Central 2021-02-24 12:17:05

Pivot: 55.30

Our preference: long positions above 55.30 with targets at 67.20 & 70.00 in extension.

Alternative scenario: below 55.30 look for further downside with 53.70 & 51.30 as targets.

Comment: the RSI is bullish and calls for further advance.

Supports and resistances:

72.60 **

70.00 **

67.20 ***

61.14 Last

55.30 ***

53.70 ***

51.30 **

Disclaimer

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.