Market Analysis of Crude Oil on Thursday 25 Apr 2024

2024-04-25 10:04Source:BtcDana

Crude Oil (WTI)‎ (M4)‎ Intraday: bullish bias above 82.40.

 

Pivot:

82.40

 

Our preference:

Long positions above 82.40 with targets at 83.25 & 83.70 in extension.

 

Alternative scenario:

Below 82.40 look for further downside with 81.90 & 81.50 as targets.

 

Comment:

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

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