WTI Crude Oil Intra-day Analysis 16 Dec 2019

Further Advance

Our Pivot:59.16

Our Preference: Buy above 59.61 with strict stop loss of 59.16 and target at 60.11 and 60.45.

Alternate Scenario: Downward penetration of 59.16 will call for 58.65.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.