WTI Intraday: the downside prevails
Nov 7, 2024 12:15 PM
short positions below 71.55 with targets at 70.40 & 69.75 in extension.
Pivot: 71.55
Our preference:
short positions below 71.55 with targets at 70.40 & 69.75 in extension.
Alternative scenario:
above 71.55 look for further upside with 72.25 & 72.65 as targets.
Comment:
the break below 71.55 is a negative signal that has opened a path to 70.40.
Supports and resistances:
72.65
72.25
71.55
70.70 Last
70.40
69.75
69.35
Our preference:
short positions below 71.55 with targets at 70.40 & 69.75 in extension.
Alternative scenario:
above 71.55 look for further upside with 72.25 & 72.65 as targets.
Comment:
the break below 71.55 is a negative signal that has opened a path to 70.40.
Supports and resistances:
72.65
72.25
71.55
70.70 Last
70.40
69.75
69.35
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Related Instruments
WTI
72.656
1.137
+1.59%