Market Analysis of CRUDE OIL on Thursday 17 November 2022

2022-11-17 09:50Source:BtcDana

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 86.10.

 

Pivot:

86.10

 

Our preference:

Short positions below 86.10 with targets at 84.05 & 83.10 in extension.

 

Alternative scenario:

Above 86.10 look for further upside with 86.70 & 87.50 as targets.

 

Comment:

As long as the resistance at 86.10 is not surpassed, the risk of the break below 84.05 remains high.

https://asset.onetrader.online/upload/file/1668614400000/1668649873570.png

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