Crude Oil (WTI) may rise to 73.70 - 74.40
BY Trading Central
|February 6, 2024(H4) Intraday: intraday support around 72.05.
Pivot
72.05
Our preference
Long positions above 72.05 with targets at 73.70 & 74.40 in extension.
Alternative scenario
Below 72.05 look for further downside with 71.50 & 70.75 as targets.
Comment
The next resistances are at 73.70 and then at 74.40.
Supports and resistances
75.05
74.40
73.70
72.91 Last
72.05
71.50
70.75
Number of asterisks represents the strength of support and resistance levels.
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