Market Analysis of Crude Oil on Tuesday 11 July 2023

2023-07-11 10:16Source:BtcDana

Crude Oil (WTI)‎ (Q3)‎ Intraday: intraday support around 72.70.

 

Pivot:

72.70

 

Our preference:

Long positions above 72.70 with targets at 73.60 & 74.10 in extension.

 

Alternative scenario:

Below 72.70 look for further downside with 72.25 & 71.45 as targets.

 

Comment:

A support base at 72.70 has formed and has allowed for a temporary stabilisation.

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