Crude Oil Due For A Pullback? Watch Those Yearly Pivots!

Crude oil is pulling back a bit after testing the Yearly R2 resistance Pivot Point.

WTI Crude Oil loves the Yearly Pivots!

In 2016, the Yearly S1 Support Pivot at $26 was the Low for the year.

Last year, the Yearly S1 Pivot at $42 was also the Low for the year.

Will the 2018 Yearly R2 Pivot be the High for the year?

WTI Crude Oil tends to top out in late May and fade back lower during the summer. I am looking for the price of crude oil to come back to the Yearly R1 pivot at $66.60 this summer.  Watch those pivots!

WTI Crude Oil Chart with Pivots

Learn more about these key price pivots at on Pivotal Pivots or catch me on Twitter.

Twitter:  @Pivotal_Pivots

The author may have a position in mentioned securities at the time of publication.  Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.