Market Analysis of CRUDE OIL on Wednesday 12 October 2022

2022-10-12 09:48Source:BtcDana

Crude Oil (WTI)‎ (X2)‎ Intraday: under pressure.

 

Pivot:

89.70

 

Our preference:

Short positions below 89.70 with targets at 87.00 & 86.00 in extension.

 

Alternative scenario:

Above 89.70 look for further upside with 90.40 & 91.30 as targets.

 

Comment:

As long as 89.70 is resistance, likely decline to 87.00.

https://asset.onetrader.online/upload/file/1665504000000/1665539333796.png

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