Crude Oil WTI Intraday Live Chart
Monitoring the intraday movements of Crude Oil (WTI) is crucial for traders aiming to capitalize on short-term price fluctuations. Today, the focus is on key support and resistance levels to guide trading decisions.
Crude Oil WTI Intraday Live
Key Intraday Levels
- Pivot Point: 78.40
- Support Levels: 78.05, 77.70
- Resistance Levels: 79.35, 79.80
Crude Oil WTI Intraday Graph
The intraday graph for Crude Oil (WTI) indicates a significant support level at 78.40. A break above this pivot point is a positive signal, suggesting potential upward movement.
Crude Oil WTI Intraday Chart
Our Trading Preference
Based on current market analysis, we recommend:
Long positions above 78.40, with targets set at 79.35 and 79.80 in extension. The break above 78.40 is an encouraging sign, indicating a possible rise towards these higher targets.
Alternative Scenario
Should the price drop below 78.40, look for further downside movement with targets at 78.05 and 77.70. This scenario suggests bearish sentiment if the pivot support fails to hold.
Supports and Resistances
| Level | Value |
|---|---|
| Pivot | 78.40 |
| Support 1 | 78.05 |
| Support 2 | 77.70 |
| Resistance 1 | 79.35 |
| Resistance 2 | 79.80 |
Comment
The break above 78.40 has opened a path to 79.35, which could lead to further gains if the upward momentum is sustained. Traders should keep a close watch on these levels to make informed intraday trading decisions.
For live updates and more trading insights, visit our Crude Oil WTI Intraday Live Chart. Stay tuned for the latest market trends and analysis to help you navigate the volatile world of crude oil trading.