Market Analysis of Crude Oil on Wednesday 21 February 2024

2024-02-21 10:08Source:BtcDana

Crude Oil (WTI)‎ (J4)‎ Intraday: key resistance at 77.65.

 

Pivot:

77.65

 

Our preference:

Short positions below 77.65 with targets at 76.80 & 76.40 in extension.

 

Alternative scenario:

Above 77.65 look for further upside with 78.05 & 78.55 as targets.

 

Comment:

As long as the resistance at 77.65 is not surpassed, the risk of the break below 76.80 remains high.

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