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Crude Oil (WTI) (Z3) MT: bullish bias above 75.00.

2023-10-24
1096

Pivot: 75.00

Our preference: long positions above 75.00 with targets at 98.00 & 109.00 in extension.

Alternative scenario: below 75.00 look for further downside with 66.00 & 57.00 as targets.

Comment: technically the RSI is above its neutrality area at 50.

Supports and resistances:

120.00 **

109.00 ***

98.00 ***

85.96 Last

75.00 ***

66.00 **

57.00 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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