Crude Oil (WTI) (Q2) Intraday: the bias remains bullish.

Limited Increase
u
2022-07-05 05:40Source:TC

Pivot: 109.00

Our preference: long positions above 109.00 with targets at 111.40 & 112.40 in extension.

Alternative scenario: below 109.00 look for further downside with 107.20 & 106.00 as targets.

Comment: the RSI is mixed with a bullish bias.

Supports and resistances:

114.00

112.40

111.40

110.10 Last

109.00

107.20

106.00

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-05-2022 at 05:40 UTC+1

Price reference: 110.10 last known on 07-05-2022 at 05:40 UTC+1

Investment horizon: INTRADAY

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