Market Analysis of CRUDE OIL on Tuesday 4 October 2022

2022-10-04 09:55Source:BtcDana

Crude Oil (WTI)‎ (X2)‎ Intraday: intraday support around 82.20.

 

Pivot:

82.20

 

Our preference:

Long positions above 82.20 with targets at 84.25 & 85.20 in extension.

 

Alternative scenario:

Below 82.20 look for further downside with 81.40 & 80.65 as targets.

 

Comment:

The RSI lacks downward momentum.

https://asset.onetrader.online/upload/file/1664812800000/1664848532282.png

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