Crude Oil (WTI) (Z4) Intraday: key resistance at 68.40.

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2024-10-30 00:52Source:TC

Pivot: 68.40

Our preference: short positions below 68.40 with targets at 66.70 & 66.00 in extension.

Alternative scenario: above 68.40 look for further upside with 68.90 & 69.75 as targets.

Comment: as long as the resistance at 68.40 is not surpassed, the risk of the break below 66.70 remains high.

Supports and resistances:

69.75

68.90

68.40

67.47 Last

66.70

66.00

65.60

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 10-30-2024 at 00:52 UTC+1

Price reference: 67.47 last known on 10-30-2024 at 00:52 UTC+1

Investment horizon: INTRADAY

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