Market Analysis of Crude Oil on Monday 26 August 2024
Time 2024-08-26 04:02:55

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

Pivot:

74.30

Our preference:

Long positions above 74.30 with targets at 75.75 & 76.25 in extension.

Alternative scenario:

Below 74.30 look for further downside with 73.50 & 72.80 as targets.

Comment:

The RSI shows upside momentum.

source BtcDana