Market Analysis of Crude Oil on Tuesday 07 March 2023

Crude Oil (WTI)‎ (J3)‎ Intraday: expect 81.80.

Pivot:

79.55

Our preference:

Long positions above 79.55 with targets at 81.15 & 81.80 in extension.

Alternative scenario:

Below 79.55 look for further downside with 78.90 & 78.30 as targets.

Comment:

The RSI shows upside momentum.