WTI Crude Oil Mid-day Analysis 29 Jan 2020

Further Advance

Our Pivot:53.10

Our Preference: Buy above 53.80 with strict stop loss of 53.10 and target at 54.99 and 55.51.

Alternate Scenario: Downward penetration of 53.10 will call for 52.06.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances.