WTI Crude Oil Mid-day Analysis 23 Dec 2019

Under Pressure

Our Pivot: 60.86

Our Preference: Short sell below 60.43 with strict stop loss of 60.86 and target at 59.72 and 59.43.

Alternate Scenario: Upward penetration of 60.86 will call for 61.41.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: