Crude Oil (WTI) (J2) Intraday: break of a ST rising trendline support.

Limited Decrease
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2022-03-09 11:07Source:TC

Pivot: 125.00

Our preference: short positions below 125.00 with targets at 117.80 & 115.60 in extension.

Alternative scenario: above 125.00 look for further upside with 126.60 & 129.30 as targets.

Comment: the break below 125.00 is a negative signal that has opened a path to 117.80.

Supports and resistances:

129.30

126.60

125.00

121.94 Last

117.80

115.60

110.30

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 03-09-2022 at 11:07 UTC+1

Price reference: 121.94 last known on 03-09-2022 at 11:07 UTC+1

Investment horizon: INTRADAY

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