Market Analysis of Crude Oil on Tuesday 26 September 2023

Crude Oil (WTI)‎ (X3)‎ Intraday: key resistance at 90.15.

Pivot:

90.15

Our preference:

Short positions below 90.15 with targets at 89.35 & 89.00 in extension.

Alternative scenario:

Above 90.15 look for further upside with 90.80 & 91.30 as targets.

Comment:

As long as the resistance at 90.15 is not surpassed, the risk of the break below 89.35 remains high.