Market Analysis of Crude Oil on Wednesday 26 April 2023

2023-04-26 10:07Source:BtcDana


Crude Oil (WTI)‎ (M3)‎ Intraday: key resistance at 77.80.

 

Pivot:

77.80

 

Our preference:

Short positions below 77.80 with targets at 76.70 & 76.25 in extension.

 

Alternative scenario:

Above 77.80 look for further upside with 78.40 & 79.05 as targets.

 

Comment:

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

 

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