WTI Crude Oil Intra-day Analysis 16 May 2019

Further Advance

Our Pivot:61.56

Our Preference: Buy above 62.11 with strict stop loss of 61.56 and target at 62.96 and 63.34.

Alternate Scenario: Downward penetration of 61.56 will call for 60.85.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.