What are the intraday targets for Crude Oil (WTI) today?

The intraday targets for Crude Oil (WTI) today are short positions below the key resistance level of 78.10, with targets at 77.45 and 77.10 in extension. Alternatively, if the price surpasses 78.10, targets could be at 78.50 and 79.00.

What is the significance of the pivot point in today's analysis?

The pivot point at 78.10 serves as a critical level for determining the day's trend and potential trading opportunities. It provides a reference point for traders to assess bullish or bearish scenarios.

What is the risk associated with trading below the resistance level?

As long as the resistance at 78.10 is not surpassed, the risk of breaking below 77.45 remains high. Traders should closely monitor price movements to manage their positions effectively.

What are the key support and resistance levels for Crude Oil (WTI) today?

The key support and resistance levels for Crude Oil (WTI) today are as follows: Resistance - 79.00, 78.50, 78.10; Last Price - 77.92; Support - 77.45, 77.10, 76.60.

Crude Oil Intraday Update: Targets and Key Levels

Introduction

Today’s intraday update for Crude Oil (WTI) provides insights into key resistance and support levels, along with trading strategies based on technical analysis. Understanding these levels can help traders make informed decisions in their trading activities.

Intraday Analysis

Pivot Point: 78.10

The pivot point at 78.10 serves as a crucial level in today’s trading session. It provides a reference point for determining the day’s trend and potential trading opportunitiesEur/Usd Our Cured Daily Forecast Tips ..

Our Preference: Short Positions Below 78.10

Our preferred trading strategy for today is to focus on short positions below the key resistance level of 78.10. This bearish outlook is supported by the following analysis:

Targets:

Target 1: 77.45
Target 2: 77.10 (in extension)

Alternative Scenario: Upside Potential Above 78.10

If the price surpasses the resistance level of 78.10, we may see further upside momentum. In this scenario, traders should consider the following targets:

Target 1: 78.50
Target 2: 79.00

Risk Assessment

It’s essential to note that as long as the resistance at 78.10 is not surpassed, the risk of breaking below 77.45 remains high. Traders should monitor price movements closely and adjust their positions accordingly.

Supports and Resistances

To provide a comprehensive view of potential price movements, let’s analyze the key support and resistance levels: Eur/Usd Our Cured Daily Forecast Tips .

Level	Type	Description
79.00	Resistance	The highest resistance level for today’s trading session. If the price reaches this level, it indicates strong bullish momentum.
78.50	Resistance	This resistance level serves as a potential target if the price moves above 78.10.
78.10	Pivot	The pivot point and a key level for determining bullish or bearish scenarios.
77.92	Last Price	The last recorded price, providing a reference point for intraday movements.
77.45	Support	The first support level below the pivot, important for short positions.
77.10	Support	A deeper support level, serving as an extension target for short positions.
76.60	Support	Another support level indicating potential downside targets.

Crude Oil Intraday Update BUY SELL Targets and Key Levels

Conclusion

Today’s intraday update for Crude Oil (WTI) highlights key resistance and support levels, along with potential trading strategies based on technical analysis. Traders should closely monitor price movements and adjust their positions based on the evolving market conditions. Stay informed and trade responsibly.