Crude Oil (WTI) (F4) Intraday: consolidation in place.

Limited Decrease
l
file_20231222181102
CL+0%
2023-11-21 17:54Source:TC

Pivot: 77.90

Our preference: short positions below 77.90 with targets at 76.80 & 76.30 in extension.

Alternative scenario: above 77.90 look for further upside with 78.45 & 79.00 as targets.

Comment: as long as 77.90 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

79.00

78.45

77.90

77.28 Last

76.80

76.30

75.40

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-21-2023 at 17:54 UTC+1

Price reference: 77.28 last known on 11-21-2023 at 17:54 UTC+1

Investment horizon: INTRADAY

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