Market Analysis of Crude Oil on Wednesday 21 August 2024
Time 2024-08-21 04:03:54

Crude Oil (WTI)‎ (V4)‎ Intraday: the downside prevails.

Pivot:

74.30

Our preference:

Short positions below 74.30 with targets at 72.55 & 71.80 in extension.

Alternative scenario:

Above 74.30 look for further upside with 75.10 & 75.70 as targets.

Comment:

The RSI is below its neutrality area at 50%

source BtcDana