HomeContributorsTechnical AnalysisCrude Oil Bullish Bias Above 71.65

Crude Oil Bullish Bias Above 71.65

Pivot (invalidation): 71.65

Our preference Long positions above 71.65 with targets at 72.75 & 73.10 in extension.

Alternative scenario Below 71.65 look for further downside with 70.90 & 70.50 as targets.

Comment Technically the RSI is above its neutrality area at 50.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Featured Analysis

Learn Forex Trading