Sample Category Title

Pivot (invalidation): 0.7275

Our preference Long positions above 0.7275 with targets at 0.7330 & 0.7350 in extension.

Alternative scenario Below 0.7275 look for further downside with 0.7250 & 0.7220 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 1.3300

Our preference Short positions below 1.3300 with targets at 1.3240 & 1.3220 in extension.

Alternative scenario Above 1.3300 look for further upside with 1.3330 & 1.3360 as targets.

Comment The RSI calls for a new downleg.

WTI crude oil resumes recent steep down trend today and breaks 50 handle for the first time since October 2017. Further decline should be seen to 61.8% retracement of 27.69 (2016 low) to 77.06 (2018 high) at 46.54.

Considering bullish convergence condition in 4 hour MACD, some support could be seen there to bring short term rebound. But break of 52.72 resistance is needed to confirm short term bottoming first. Otherwise, near term outlook will stay bearish even in case of recovery.

In the bigger picture, current fall from 77.06 is at least corrective the long term rise from 27.69 to 77.06. Or it could be developing into an impulsive down trend. We'll see the reaction from 46.54 to judge at a later stage.

Pivot (invalidation): 0.9940

Our preference Short positions below 0.9940 with targets at 0.9900 & 0.9890 in extension.

Alternative scenario Above 0.9940 look for further upside with 0.9955 & 0.9975 as targets.

Comment The RSI is bearish and calls for further downside.

Pivot (invalidation): 113.50

Our preference Short positions below 113.50 with targets at 113.15 & 112.95 in extension.

Alternative scenario Above 113.50 look for further upside with 113.70 & 113.85 as targets.

Comment The RSI has broken down its 30 level.

Pivot (invalidation): 1.2800

Our preference Long positions above 1.2800 with targets at 1.2860 & 1.2895 in extension.

Alternative scenario Below 1.2800 look for further downside with 1.2760 & 1.2740 as targets.

Comment The RSI is bullish and calls for further advance.

Pivot (invalidation): 1.1340

Our preference Long positions above 1.1340 with targets at 1.1420 & 1.1445 in extension.

Alternative scenario Below 1.1340 look for further downside with 1.1310 & 1.1270 as targets.

Comment The RSI is bullish and calls for further upside.

Pivot (invalidation): 2683.00

Our preference Long positions above 2683.00 with targets at 2785.00 & 2815.00 in extension.

Alternative scenario Below 2683.00 look for further downside with 2655.00 & 2630.00 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 11244.00

Our preference Long positions above 11244.00 with targets at 11400.00 & 11496.00 in extension.

Alternative scenario Below 11244.00 look for further downside with 11190.00 & 11120.00 as targets.

Comment The RSI lacks momentum.

Pivot (invalidation): 51.55

Our preference Short positions below 51.55 with targets at 49.65 & 48.50 in extension.

Alternative scenario Above 51.55 look for further upside with 52.50 & 53.10 as targets.

Comment The RSI is mixed to bearish.