Market Analysis of Crude Oil on Thursday 2 November 2023

2023-11-02 10:21Source:BtcDana

Crude Oil (WTI)‎ (Z3)‎ Intraday: watch 79.80.

 

Pivot:

81.60

 

Our preference:

Short positions below 81.60 with targets at 80.30 & 79.80 in extension.

 

Alternative scenario:

Above 81.60 look for further upside with 82.45 & 83.40 as targets.

 

Comment:

As long as the resistance at 81.60 is not surpassed, the risk of the break below 80.30 remains high.

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