WTI Crude Oil Intra-day Analysis 18 May 2020

Further Advance

Our Pivot:29.56

Our Preference: Buy above 30.19 with strict stop loss of 29.56 and target at 31.25 and 31.77.

Alternate Scenario: Downward penetration of 29.56 will call for 28.52.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.