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

Limited Decrease
l
file_20231222181102
CL+0%
2024-11-08 17:04Source:TC

Pivot: 71.00

Our preference: short positions below 71.00 with targets at 69.75 & 69.30 in extension.

Alternative scenario: above 71.00 look for further upside with 71.70 & 72.25 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

72.25

71.70

71.00

70.32 Last

69.75

69.30

68.90

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-08-2024 at 17:04 UTC+1

Price reference: 70.32 last known on 11-08-2024 at 17:04 UTC+1

Investment horizon: INTRADAY

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