Crude Oil (WTI) may rise to 120.40 - 122.00
Our preference
Long positions above 117.10 with targets at 120.40 & 122.00 in extension.
Alternative scenario
Below 117.10 look for further downside with 116.20 & 115.40 as targets.
Comment
The break above 117.10 is a positive signal that has opened a path to 120.40.
Daily and weekly charts are also bullish.
Our preference
Long positions above 117.10 with targets at 120.40 & 122.00 in extension.
Alternative scenario
Below 117.10 look for further downside with 116.20 & 115.40 as targets.
Comment
The break above 117.10 is a positive signal that has opened a path to 120.40.
Daily and weekly charts are also bullish.