Market Analysis of Crude Oil on Tuesday 14 February 2023

Crude Oil (WTI)‎ (H3)‎ Intraday: key resistance at 80.00.

Pivot:

80.00

Our preference:

Short positions below 80.00 with targets at 78.50 & 77.50 in extension.

Alternative scenario:

Above 80.00 look for further upside with 80.60 & 81.60 as targets.

Comment:

As long as 80.00 is resistance, look for choppy price action with a bearish bias.