Market Analysis of Crude Oil on Friday 23 December 2022

2022-12-23 10:12Source:BtcDana

Crude Oil (WTI)‎ (G3)‎ Intraday: key resistance at 79.20.

 

Pivot:

79.20

 

Our preference:

Short positions below 79.20 with targets at 77.10 & 76.50 in extension.

 

Alternative scenario:

Above 79.20 look for further upside with 79.90 & 80.70 as targets.

 

Comment:

As long as the resistance at 79.20 is not surpassed, the risk of the break below 77.10 remains high.

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