Market Analysis of Crude Oil on Monday 21 August 2023

2023-08-21 10:20Source:BtcDana

Crude Oil (WTI)‎ (V3)‎ Intraday: the bias remains bullish.

 

Pivot:

79.95

 

Our preference:

Long positions above 79.95 with targets at 81.00 & 81.45 in extension.

 

Alternative scenario:

Below 79.95 look for further downside with 79.50 & 79.00 as targets.

 

Comment:

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

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