Market Analysis of Crude Oil on Monday 15 August 2022

2022-08-15 09:54Source:BtcDana

Crude Oil (WTI)‎ (U2)‎ Intraday: the downside prevails.

 

Pivot:

93.10

 

Our preference:

Short positions below 93.10 with targets at 91.00 & 89.80 in extension.

 

Alternative scenario:

Above 93.10 look for further upside with 93.90 & 95.05 as targets.

 

Comment:

The RSI advocates for further decline.

https://asset.onetrader.online/upload/file/1660492800000/1660528513295.png

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