Market Analysis of Crude Oil on Monday 24 April 2023

2023-04-24 10:13Source:BtcDana


Crude Oil (WTI)‎ (M3)‎ Intraday: intraday support around 77.30.

 

Pivot:

77.30

 

Our preference:

Long positions above 77.30 with targets at 78.20 & 78.60 in extension.

 

Alternative scenario:

Below 77.30 look for further downside with 76.70 & 76.30 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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