Market Analysis of Crude Oil on Tuesday 7 November 2023

2023-11-07 10:44Source:BtcDana

Crude Oil (WTI)‎ (Z3)‎ Intraday: expect 79.50.

 

Pivot:

82.00

 

Our preference:

Short positions below 82.00 with targets at 80.10 & 79.50 in extension.

 

Alternative scenario:

Above 82.00 look for further upside with 82.60 & 83.30 as targets.

 

Comment:

As long as the resistance at 82.00 is not surpassed, the risk of the break below 80.10 remains high.

Analyst Views Chart

More