Market Analysis of CRUDE OIL on Friday 4 November 2022

2022-11-04 09:47Source:BtcDana

Crude Oil (WTI)‎ (Z2)‎ Intraday: the downside prevails.

 

Pivot:

88.70

 

Our preference:

Short positions below 88.70 with targets at 87.20 & 86.70 in extension.

 

Alternative scenario:

Above 88.70 look for further upside with 89.20 & 89.70 as targets.

 

Comment:

The RSI calls for a new downleg.

https://asset.onetrader.online/upload/file/1667491200000/1667526451496.png

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