Crude Oil (WTI) (Z4) Intraday: the upside prevails.

Limited Increase
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2024-11-01 00:51Source:TC

Pivot: 68.90

Our preference: long positions above 68.90 with targets at 71.70 & 72.75 in extension.

Alternative scenario: below 68.90 look for further downside with 68.20 & 67.25 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

74.20

72.75

71.70

70.62 Last

68.90

68.20

67.25

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-01-2024 at 00:51 UTC+1

Price reference: 70.62 last known on 11-01-2024 at 00:51 UTC+1

Investment horizon: INTRADAY

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