WTI Intraday: under pressure
Jan 10, 2025 4:50 PM
short positions below 76.80 with targets at 74.35 & 73.75 in extension.
Pivot: 76.80
Our preference:
short positions below 76.80 with targets at 74.35 & 73.75 in extension.
Alternative scenario:
above 76.80 look for further upside with 77.85 & 78.70 as targets.
Comment:
the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
78.70
77.85
76.80
75.77 Last
74.35
73.75
73.10
Our preference:
short positions below 76.80 with targets at 74.35 & 73.75 in extension.
Alternative scenario:
above 76.80 look for further upside with 77.85 & 78.70 as targets.
Comment:
the RSI has just struck against its neutrality area at 50% and is reversing down.
Supports and resistances:
78.70
77.85
76.80
75.77 Last
74.35
73.75
73.10
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Related Instruments
WTI
71.819
-0.537
-0.74%