Market Analysis of Crude Oil on Monday 30 October 2023

2023-10-30 10:19Source:BtcDana

Crude Oil (WTI)‎ (Z3)‎ Intraday: intraday support around 83.70.

 

Pivot:

83.70

 

Our preference:

Long positions above 83.70 with targets at 85.30 & 85.90 in extension.

 

Alternative scenario:

Below 83.70 look for further downside with 83.10 & 82.55 as targets.

 

Comment:

A support base at 83.70 has formed and has allowed for a temporary stabilisation.

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