Market Analysis of Crude Oil on Tuesday 5 September 2023

2023-09-05 10:22Source:BtcDana

Crude Oil (WTI)‎ (V3)‎ Intraday: bullish bias above 85.30.

 

Pivot:

85.30

 

Our preference:

Long positions above 85.30 with targets at 86.40 & 87.00 in extension.

 

Alternative scenario:

Below 85.30 look for further downside with 84.60 & 84.00 as targets.

 

Comment:

A support base at 85.30 has formed and has allowed for a temporary stabilisation.

 

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