WTI Intraday: under pressure.
Sep 18, 2024 11:44 PM
short positions below 70.00 with targets at 68.50 & 67.75 in extension.
Pivot: 70.00
Our preference:
short positions below 70.00 with targets at 68.50 & 67.75 in extension.
Alternative scenario:
above 70.00 look for further upside with 70.65 & 71.20 as targets.
Comment:
as long as 70.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
71.20
70.65
70.00
69.29 Last
68.50
67.75
67.00
Our preference:
short positions below 70.00 with targets at 68.50 & 67.75 in extension.
Alternative scenario:
above 70.00 look for further upside with 70.65 & 71.20 as targets.
Comment:
as long as 70.00 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
71.20
70.65
70.00
69.29 Last
68.50
67.75
67.00
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