Market Analysis of CRUDE OIL on Thursday 25 August 2022

2022-08-25 09:58Source:BtcDana

Crude Oil (WTI)‎ (V2)‎ Intraday: the upside prevails.

 

Pivot:

93.30

 

Our preference:

Long positions above 93.30 with targets at 96.90 & 97.80 in extension.

 

Alternative scenario:

Below 93.30 look for further downside with 92.15 & 91.00 as targets.

 

Comment:

The RSI shows upside momentum.

https://asset.onetrader.online/upload/file/1661356800000/1661392728523.png

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