Crude Oil (WTI) (V2) Intraday: under pressure.
Pivot:
93.20
Our preference:
Short positions below 93.20 with targets at 90.50 & 89.10 in extension.
Alternative scenario:
Above 93.20 look for further upside with 94.30 & 95.20 as targets.
Comment:
As long as the resistance at 93.20 is not surpassed, the risk of the break below 90.50 remains high.
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.