Market Analysis of CRUDE OIL on Friday 16 September 2022

2022-09-16 09:53Source:BtcDana

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

 

Pivot:

86.20

 

Our preference:

Short positions below 86.20 with targets at 84.10 & 82.90 in extension.

 

Alternative scenario:

Above 86.20 look for further upside with 88.00 & 89.10 as targets.

 

Comment:

The immediate trend remains down and the momentum is strong.

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