WTI Intraday: consolidation.
Nov 21, 2024 6:01 AM
short positions below 69.40 with targets at 68.50 & 68.20 in extension.
Pivot: 69.40
Our preference:
short positions below 69.40 with targets at 68.50 & 68.20 in extension.
Alternative scenario:
above 69.40 look for further upside with 70.00 & 70.50 as targets.
Comment:
as long as 69.40 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
70.50
70.00
69.40
68.93 Last
68.50
68.20
67.85
Our preference:
short positions below 69.40 with targets at 68.50 & 68.20 in extension.
Alternative scenario:
above 69.40 look for further upside with 70.00 & 70.50 as targets.
Comment:
as long as 69.40 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
70.50
70.00
69.40
68.93 Last
68.50
68.20
67.85
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WTI
69.591
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