Market Analysis of Crude Oil on Thursday 27 March 2025

2025-03-27 10:13Source:BtcDana

Crude Oil (WTI)‎ (K5)‎ Intraday: the bias remains bullish.

 

Pivot:

69.40

 

Our preference:

Long positions above 69.40 with targets at 70.20 & 70.55 in extension.

 

Alternative scenario:

Below 69.40 look for further downside with 69.05 & 68.65 as targets.

 

Comment:

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

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