Market Analysis of CRUDE OIL on Wednesday 7 September 2022

2022-09-07 09:48Source:BtcDana

Crude Oil (WTI)‎ (V2)‎ Intraday: key resistance at 88.00.

 

Pivot:

88.00

 

Our preference:

Short positions below 88.00 with targets at 85.65 & 85.00 in extension.

 

Alternative scenario:

Above 88.00 look for further upside with 88.80 & 89.45 as targets.

 

Comment:

As long as 88.00 is resistance, likely decline to 85.65.

https://asset.onetrader.online/upload/file/1662480000000/1662515319387.png

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.



More