Market Analysis of CRUDE OIL on 18 August 2022

2022-08-18 10:04Source:BtcDana

Crude Oil (WTI)‎ (V2)‎ Intraday: rebound.

 

Pivot:

85.85

 

Our preference:

Long positions above 85.85 with targets at 88.60 & 90.00 in extension.

 

Alternative scenario:

Below 85.85 look for further downside with 84.50 & 83.20 as targets.

 

Comment:

The RSI lacks downward momentum.

https://asset.onetrader.online/upload/file/1660752000000/1660788333759.png

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