Market Analysis of Crude Oil on Friday 24 March 2023

Crude Oil (WTI)‎ (K3)‎ Intraday: under pressure.

Pivot:

70.70

Our preference:

Short positions below 70.70 with targets at 68.80 & 68.00 in extension.

Alternative scenario:

Above 70.70 look for further upside with 71.50 & 72.20 as targets.

Comment:

The RSI is below its neutrality area at 50%