Market Analysis of Crude Oil on Friday 19 May 202

Pivot:

72.55

Our preference:

Short positions below 72.55 with targets at 71.50 & 71.00 in extension.

Alternative scenario:

Above 72.55 look for further upside with 72.85 & 73.30 as targets.

Comment:

The RSI is around its neutrality area at 50%