Market Analysis of Crude Oil on Friday 12 August 2022

2022-08-12 09:52Source:BtcDana

Crude Oil (WTI)‎ (U2)‎ Intraday: intraday support around 93.00.

 

Pivot:

93.00

 

Our preference:

Long positions above 93.00 with targets at 94.85 & 95.70 in extension.

 

Alternative scenario:

Below 93.00 look for further downside with 92.20 & 91.30 as targets.

 

Comment:

The next resistances are at 94.85 and then at 95.70.

https://asset.onetrader.online/upload/file/1660233600000/1660269146984.png

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