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Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

Crude Oil (WTI) may fall to 68.35 - 68.80

BY Trading Central

|December 20, 2024

(G5) Intraday: expect 68.80.

 (G5) Intraday: expect 68.80.

Pivot

69.50

Our preference

Short positions below 69.50 with targets at 68.80 & 68.35 in extension.

Alternative scenario

Above 69.50 look for further upside with 69.80 & 70.15 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

70.15

69.80

69.50

68.96 Last

68.80

68.35

68.00

Number of asterisks represents the strength of support and resistance levels.

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Trade responsibly: CFDs are complex instruments and come with a high risk of losing all your invested capital due to leverage.

These products are not suitable for all investors and you should ensure that you understand the risks involved.