WTI Light Sweet Crude Oil, DAILY Market Analysis 4/11/23
For Tuesday, the 80.17 - 80.89 region can contain buying through April, below which 71.03 is likely over the next 3 - 5 weeks, possibly lower into summer activity.
Downside Tuesday, 79.31 can contain session weakness, while closing below 79.31 signals 75.14 within 3 - 5 days, dropping daily and able to contain selling into next week.
Upside Tuesday, pushing/opening above 80.89 allows 83.01, while closing above 80.89 would indicate 88.46 within 2 - 3 weeks, 97.14 within 2 - 3 months.
Downside Tuesday, 79.31 can contain session weakness, while closing below 79.31 signals 75.14 within 3 - 5 days, dropping daily and able to contain selling into next week.
Upside Tuesday, pushing/opening above 80.89 allows 83.01, while closing above 80.89 would indicate 88.46 within 2 - 3 weeks, 97.14 within 2 - 3 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.