Market Analysis of CRUDE OIL on Wednesday 9 November 2022

2022-11-09 09:47Source:BtcDana

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 90.30.

 

Pivot:

90.30

 

Our preference:

Short positions below 90.30 with targets at 87.60 & 86.60 in extension.

 

Alternative scenario:

Above 90.30 look for further upside with 91.00 & 91.70 as targets.

 

Comment:

The break below 90.30 is a negative signal that has opened a path to 87.60.

https://asset.onetrader.online/upload/file/1667923200000/1667958477918.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