Market Analysis of Crude Oil on Tuesday 2 January 2024

2024-01-02 10:32Source:BtcDana

Crude Oil (WTI)‎ (G4)‎ Intraday: key resistance at 72.55.

 

Pivot:

72.55

 

Our preference:

Short positions below 72.55 with targets at 71.20 & 70.45 in extension.

 

Alternative scenario:

Above 72.55 look for further upside with 73.70 & 74.30 as targets.

 

Comment:

As long as the resistance at 72.55 is not surpassed, the risk of the break below 71.20 remains high.

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