Market Analysis of CRUDE OIL on Friday 18 November 2022

2022-11-18 09:55Source:BtcDana

Crude Oil (WTI)‎ (Z2)‎ Intraday: key resistance at 83.10.

 

Pivot:

83.10

 

Our preference:

Short positions below 83.10 with targets at 81.40 & 80.30 in extension.

 

Alternative scenario:

Above 83.10 look for further upside with 84.30 & 85.30 as targets.

 

Comment:

As long as the resistance at 83.10 is not surpassed, the risk of the break below 81.40 remains high.

https://asset.onetrader.online/upload/file/1668700800000/1668736555538.png

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