Market Analysis of Crude Oil on Thursday 21 November 2024

Crude Oil (WTI)‎ (F5)‎ Intraday: under pressure.

Pivot:

69.40

Our preference:

Short positions below 69.40 with targets at 68.50 & 68.20 in extension.

Alternative scenario:

Above 69.40 look for further upside with 70.00 & 70.50 as targets.

Comment:

The RSI is below its neutrality area at 50%