Market Analysis of Crude Oil on Thursday 13 April 2023

2023-04-13 10:08Source:BtcDana


Crude Oil (WTI)‎ (K3)‎ Intraday: the bias remains bullish.

 

Pivot:

82.10

 

Our preference:

Long positions above 82.10 with targets at 83.80 & 84.50 in extension.

 

Alternative scenario:

Below 82.10 look for further downside with 81.30 & 80.60 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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