Market Analysis of Crude Oil on Friday 23 February 2024

2024-02-23 10:08Source:BtcDana

Crude Oil (WTI)‎ (J4)‎ Intraday: bullish bias above 77.90.

 

Pivot:

77.90

 

Our preference:

Long positions above 77.90 with targets at 78.90 & 79.35 in extension.

 

Alternative scenario:

Below 77.90 look for further downside with 77.35 & 76.85 as targets.

 

Comment:

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

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