Post by
liljohnnyjoke on Nov 12, 2024 10:44am
wti $68.98
the number Frank's favs won't allow it to close above today
WTI Crude Oil futures made a low of 67.75 overnight around 11:30pm CST. From midnight through European open price action rebounded to make a high around the 68.80 level around 5:35am CST. Yesterday’s sharp move lower tore through the rare 4 star support level at 69.32-69.74 and the 70.00 flat price level at 3am on light volume. Our pivot and point of balance is set at 68.98, the Sunday night gap-open level set on the 10/28 trading session after Israel’s weaker than expected strikes on Iran. If price can get close above this level (68.98), momentum in the short term may favor the bulls.