Market Analysis of Crude Oil on Tuesday 25 July 2023

2023-07-25 09:18Source:BtcDana

Crude Oil (WTI)‎ (U3)‎ Intraday: bullish bias above 77.80.

 

Pivot:

77.80

 

Our preference:

Long positions above 77.80 with targets at 80.00 & 80.50 in extension.

 

Alternative scenario:

Below 77.80 look for further downside with 77.25 & 76.50 as targets.

 

Comment:

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

Analyst Views Chart

More