Market Analysis of Crude Oil on Tuesday 9 August 2022

2022-08-09 10:03Source:BtcDana

Crude Oil (WTI)‎ (U2)‎ Intraday: bullish bias above 89.10.

 

Pivot:

89.10

 

Our preference:

Long positions above 89.10 with targets at 91.80 & 92.60 in extension.

 

Alternative scenario:

Below 89.10 look for further downside with 88.20 & 87.00 as targets.

 

Comment:

The next resistances are at 91.80 and then at 92.60.

https://asset.onetrader.online/upload/file/1659974400000/1660010633821.png

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.


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