Market Analysis of Crude Oil on Monday 13 November 2023

2023-11-13 10:53Source:BtcDana

Crude Oil (WTI)‎ (Z3)‎ Intraday: the bias remains bullish.

 

Pivot:

76.40

 

Our preference:

Long positions above 76.40 with targets at 77.70 & 78.20 in extension.

 

Alternative scenario:

Below 76.40 look for further downside with 75.90 & 75.40 as targets.

 

Comment:

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

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