Market Analysis of Crude Oil on Monday 11 September 2023

2023-09-11 10:25Source:BtcDana

Crude Oil (WTI)‎ (V3)‎ Intraday: watch 86.15.

 

Pivot:

87.65

 

Our preference:

Short positions below 87.65 with targets at 86.70 & 86.15 in extension.

 

Alternative scenario:

Above 87.65 look for further upside with 88.05 & 88.50 as targets.

 

Comment:

As long as the resistance at 87.65 is not surpassed, the risk of the break below 86.70 remains high.

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