Market Analysis of Crude Oil on Friday 21 February 2025

Crude Oil (WTI)‎ (J5)‎ Intraday: intraday support around 72.20.

Pivot:

72.20

Our preference:

Long positions above 72.20 with targets at 72.85 & 73.15 in extension.

Alternative scenario:

Below 72.20 look for further downside with 71.80 & 71.40 as targets.

Comment:

The next resistances are at 72.85 and then at 73.15.