Market Analysis of Crude Oil on Wednesday 10 January 2024

2024-01-10 10:13Source:BtcDana

Crude Oil (WTI)‎ (G4)‎ Intraday: intraday support around 71.60.

 

Pivot:

71.60

 

Our preference:

Long positions above 71.60 with targets at 72.75 & 73.25 in extension.

 

Alternative scenario:

Below 71.60 look for further downside with 71.10 & 70.50 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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