WTI Crude Oil Evening Analysis 16 Dec 2019

Further Advance

Our Pivot:59.58

Our Preference: Buy above 59.90 with strict stop loss of 59.58 and target at 60.45 and 60.75.

Alternate Scenario: Downward penetration of 59.58 will call for 59.11.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.