Crude Oil (WTI) (F5) Intraday: the bias remains bullish.

Limited Increase
u
file_20231222181102
CL+0%
2024-12-10 03:05Source:TC

Pivot: 67.75

Our preference: long positions above 67.75 with targets at 68.60 & 68.85 in extension.

Alternative scenario: below 67.75 look for further downside with 67.40 & 67.00 as targets.

Comment: the RSI calls for a bounce.

Supports and resistances:

69.15

68.85

68.60

68.33 Last

67.75

67.40

67.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 12-10-2024 at 03:05 UTC+1

Price reference: 68.33 last known on 12-10-2024 at 03:05 UTC+1

Investment horizon: INTRADAY

TRADING CENTRAL recommends reading the legal and regulatory information as well as the warnings concerning the information provided accessible from the following link : ​https://global.tradingcentral.com/www/pdf/terms_of_use_web_sites_en.pdf

Reference points and analysis views from trading strategies are provided by external providers, and strategy views are only the analyst's personal evaluation and assessment, not considering the investor's investment goals and financial conditions. All strategy views are not investment advice or recommendations, only for reference. Our company also does not guarantee the accuracy of strategy views and is not responsible for any negative results that may arise from trading strategies.

More