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Crude Oil (WTI) (V3) Intraday: supported by a rising trend line.

2023-09-12
972

Pivot: 87.10

Our preference: long positions above 87.10 with targets at 88.15 & 88.50 in extension.

Alternative scenario: below 87.10 look for further downside with 86.70 & 86.15 as targets.

Comment: the RSI calls for a new upleg.

Supports and resistances:

89.00

88.50

88.15

87.68 Last

87.10

86.70

86.15

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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