Market Analysis of Crude Oil on Tuesday 21 February 2023

Crude Oil (WTI)‎ (J3)‎ Intraday: expect 78.50.

Pivot:

76.55

Our preference:

Long positions above 76.55 with targets at 77.80 & 78.50 in extension.

Alternative scenario:

Below 76.55 look for further downside with 75.95 & 75.30 as targets.

Comment:

The RSI calls for a bounce.