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

Limited Decrease
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file_20231222181102
CL+0%
2024-11-18 06:51Source:TC

Pivot: 67.80

Our preference: short positions below 67.80 with targets at 66.60 & 66.00 in extension.

Alternative scenario: above 67.80 look for further upside with 68.60 & 69.40 as targets.

Comment: the RSI has just struck against its neutrality area at 50% and is reversing down.

Supports and resistances:

69.40

68.60

67.80

67.19 Last

66.60

66.00

65.40

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-18-2024 at 06:51 UTC+1

Price reference: 67.19 last known on 11-18-2024 at 06:51 UTC+1

Investment horizon: INTRADAY

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