WTI Crude Oil Mid-day Analysis 16 Jan 2020

Further Advance

Our Pivot:57.43

Our Preference: Buy above 57.88 with strict stop loss of 57.43 and target at 58.68 and 59.17.

Alternate Scenario: Downward penetration of 57.43 will call for 56.76.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.