Market Analysis of Crude Oil on Monday 3 July 202

2023-07-03 10:41Source:BtcDana

Crude Oil (WTI)‎ (Q3)‎ Intraday: bullish bias above 69.60.

 

Pivot:

69.60

 

Our preference:

Long positions above 69.60 with targets at 71.00 & 71.80 in extension.

 

Alternative scenario:

Below 69.60 look for further downside with 68.90 & 68.40 as targets.

 

Comment:

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

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