USOIL on the M30 time-frame
Crude Oil (WTI) may rise to 121.00 - 122.40
Our preference
Long positions above 118.40 with targets at 121.00 & 122.40 in extension.
Alternative scenario
Below 118.40 look for further downside with 116.75 & 115.20 as targets.
Comment
The RSI is above its neutrality area at 50%.
Daily and weekly charts are also bullish.
Our preference
Long positions above 118.40 with targets at 121.00 & 122.40 in extension.
Alternative scenario
Below 118.40 look for further downside with 116.75 & 115.20 as targets.
Comment
The RSI is above its neutrality area at 50%.
Daily and weekly charts are also bullish.
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