WTI Crude Oil Mid-day Analysis 16 Aug 2019

Further Advance

Our Pivot:54.28

Our Preference: Buy above 54.93 with strict stop loss of 54.28 and target at 55.92 and 56.41.

Alternate Scenario: Downward penetration of 54.28 will call for 53.47.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.