WTI Short Term: consolidation
Feb 12, 2025 2:21 AM
short positions below 77.35 with targets at 69.20 & 65.50 in extension.
Pivot: 77.35
Our preference:
short positions below 77.35 with targets at 69.20 & 65.50 in extension.
Alternative scenario:
above 77.35 look for further upside with 80.75 & 84.50 as targets.
Comment:
as long as 77.35 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
84.50 **
80.75 ***
77.35 ***
73.04 Last
69.20 ***
65.50 ***
61.60 **
Our preference:
short positions below 77.35 with targets at 69.20 & 65.50 in extension.
Alternative scenario:
above 77.35 look for further upside with 80.75 & 84.50 as targets.
Comment:
as long as 77.35 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
84.50 **
80.75 ***
77.35 ***
73.04 Last
69.20 ***
65.50 ***
61.60 **
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