WTI Light Sweet Crude Oil, DAILY Market Analysis 11/25/22
For Friday, 76.45 can contain weekly selling pressures, above which 93.76 is likely over the next 2-3 weeks.
Upside Friday, 82.70 can contain session strength, while closing above 82.70 indicates 93.76 within 1-2 weeks, where the market can top out into January, and a meaningful upside continuation point over the same time horizon.
Downside Friday, closing below 76.45 indicates 67.03 within 1-2 weeks, the start of a range of long-term support on the 64.15 able to contain selling through winter activity.
Upside Friday, 82.70 can contain session strength, while closing above 82.70 indicates 93.76 within 1-2 weeks, where the market can top out into January, and a meaningful upside continuation point over the same time horizon.
Downside Friday, closing below 76.45 indicates 67.03 within 1-2 weeks, the start of a range of long-term support on the 64.15 able to contain selling through winter activity.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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