Market Analysis of Crude Oil on Tuesday 28 May 2024

2024-05-28 10:08Source:BtcDana

Crude Oil (WTI)‎ (N4)‎ Intraday: the bias remains bullish.

 

Pivot:

78.05

 

Our preference:

Long positions above 78.05 with targets at 79.05 & 79.35 in extension.

 

Alternative scenario:

Below 78.05 look for further downside with 77.70 & 77.25 as targets.

 

Comment:

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

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