Crude Oil (WTI) may rise to 123.20 - 124.40
Our preference
Long positions above 121.30 with targets at 123.20 & 124.40 in extension.
Alternative scenario
Below 121.30 look for further downside with 119.50 & 118.40 as targets.
Comment
The break above 121.30 is a positive signal that has opened a path to 123.20.
Daily and weekly charts are also bullish.
Our preference
Long positions above 121.30 with targets at 123.20 & 124.40 in extension.
Alternative scenario
Below 121.30 look for further downside with 119.50 & 118.40 as targets.
Comment
The break above 121.30 is a positive signal that has opened a path to 123.20.
Daily and weekly charts are also bullish.