Crude Oil (WTI) (F5) Intraday: bullish bias above 70.70.

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2024-11-22 21:14Source:TC

Pivot: 70.70

Our preference: long positions above 70.70 with targets at 71.85 & 72.40 in extension.

Alternative scenario: below 70.70 look for further downside with 69.95 & 69.30 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:

73.00

72.40

71.85

71.26 Last

70.70

69.95

69.30

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 11-22-2024 at 21:14 UTC+1

Price reference: 71.26 last known on 11-22-2024 at 21:14 UTC+1

Investment horizon: INTRADAY

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