Market Analysis of CRUDE OIL on Monday 29 August 2022

2022-08-29 09:47Source:BtcDana

Crude Oil (WTI)‎ (V2)‎ Intraday: up turn.

 

Pivot:

91.90

 

Our preference:

Long positions above 91.90 with targets at 94.00 & 94.80 in extension.

 

Alternative scenario:

Below 91.90 look for further downside with 91.10 & 90.20 as targets.

 

Comment:

The RSI calls for a bounce.

https://asset.onetrader.online/upload/file/1661702400000/1661737697219.png

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