Market Analysis of CRUDE OIL on Thursday 6 October 2022

2022-10-06 09:53Source:BtcDana

Crude Oil (WTI)‎ (X2)‎ Intraday: intraday support around 86.90.

 

Pivot:

86.90

 

Our preference:

Long positions above 86.90 with targets at 88.80 & 89.70 in extension.

 

Alternative scenario:

Below 86.90 look for further downside with 86.00 & 85.05 as targets.

 

Comment:

The next resistances are at 88.80 and then at 89.70.

https://asset.onetrader.online/upload/file/1664985600000/1665021236246.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