Market Analysis of Crude Oil on Tuesday 27 August 2024
Time 2024-08-27 04:06:00

Crude Oil (WTI)‎ (V4)‎ Intraday: watch 78.45.

Pivot:

76.15

Our preference:

Long positions above 76.15 with targets at 78.45 & 79.25 in extension.

Alternative scenario:

Below 76.15 look for further downside with 75.10 & 74.05 as targets.

Comment:

The break above 76.15 is a positive signal that has opened a path to 78.45.

source BtcDana