Market Analysis of Crude Oil on Tuesday 4 July 2023

2023-07-04 10:18Source:BtcDana

Crude Oil (WTI)‎ (Q3)‎ Intraday: key resistance at 70.70.

 

Pivot:

70.70

 

Our preference:

Short positions below 70.70 with targets at 69.70 & 69.10 in extension.

 

Alternative scenario:

Above 70.70 look for further upside with 71.25 & 71.75 as targets.

 

Comment:

As long as the resistance at 70.70 is not surpassed, the risk of the break below 69.70 remains high.

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