WTI Crude Oil Intra-day Analysis 16 July 2020

Further Advance

Our Pivot:40.35

Our Preference: Buy above 40.67 with strict stop loss of 40.35 and target at 41.19 and 41.51.

Alternate Scenario: Downward penetration of 40.35 will call for 39.75.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.