Market Analysis of Crude Oil on Thursday 9 November 2023

2023-11-09 10:15Source:BtcDana

Crude Oil (WTI)‎ (Z3)‎ Intraday: key resistance at 76.55.

 

Pivot:

76.55

 

Our preference:

Short positions below 76.55 with targets at 74.90 & 74.00 in extension.

 

Alternative scenario:

Above 76.55 look for further upside with 77.50 & 78.80 as targets.

 

Comment:

As long as the resistance at 76.55 is not surpassed, the risk of the break below 74.90 remains high.

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