Crude Oil (WTI) (J1) Intraday: key resistance at 6

Crude Oil (WTI) (J1) Intraday: key resistance at 62.20.

USOil

Trading Central 2021-02-24 11:36:05

Pivot: 62.20

Our preference: short positions below 62.20 with targets at 60.65 & 59.45 in extension.

Alternative scenario: above 62.20 look for further upside with 63.00 & 64.00 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances:

64.00

63.00

62.20

61.08 Last

60.65

59.45

58.60

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