Market Analysis of Crude Oil on Thursday 24 August 2023

2023-08-24 10:19Source:BtcDana

Crude Oil (WTI)‎ (V3)‎ Intraday: key resistance at 79.40.

 

Pivot:

79.40

 

Our preference:

Short positions below 79.40 with targets at 78.20 & 77.60 in extension.

 

Alternative scenario:

Above 79.40 look for further upside with 79.90 & 80.40 as targets.

 

Comment:

As long as the resistance at 79.40 is not surpassed, the risk of the break below 78.20 remains high.

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