USD Trading Outlook (13-05-2016)
Crude Oil (WTI) (M6) Intraday: turning up
Pivot: 45.58
Our preference: long positions above 45.58 with targets @ 47.04 & 47.70 in extension.
Alternative scenario: below 45.58 look for further downside with 44.92 & 44.05 as targets.
Comment: the RSI is mixed to bullish.
Supports and resistances:
48.15
47.70
47.04
46.46 Last
45.58
44.92
44.05