Market Analysis of CRUDE OIL on Friday 21 October 2022

2022-10-21 09:54Source:BtcDana

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 85.50.

 

Pivot:

85.50

 

Our preference:

Short positions below 85.50 with targets at 84.00 & 83.30 in extension.

 

Alternative scenario:

Above 85.50 look for further upside with 86.80 & 87.60 as targets.

 

Comment:

The RSI is below its neutrality area at 50%

https://asset.onetrader.online/upload/file/1666281600000/1666317315062.png

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