WTI Light Sweet Crude Oil, DAILY Market Analysis 1/26/23
For Thursday, both 80.57 and 81.63 can firmly contain intraday trade, beyond which the next notable level is likely intraday.
Downside Thursday, breaking/opening below 80.57 signals 78.42, able to contain selling through the balance of the week and the point to settle below for signaling 73.78 by the end of next week, where the market can place a weekly low - possibly into later February trade.
Upside Thursday, pushing/opening above 81.63 allows 83.77 intraday, able to contain buying through next week, and the point to settle above for indicating 87.02 longer-term resistance within 3 - 5 more days.
Downside Thursday, breaking/opening below 80.57 signals 78.42, able to contain selling through the balance of the week and the point to settle below for signaling 73.78 by the end of next week, where the market can place a weekly low - possibly into later February trade.
Upside Thursday, pushing/opening above 81.63 allows 83.77 intraday, able to contain buying through next week, and the point to settle above for indicating 87.02 longer-term resistance within 3 - 5 more days.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.