WTI 68.00 bulls hit! $70 retest?
Daily Plan 11.27.24
Tuesday Recap:
Crude Oil had an intraday high of 70.27 and a low of 68.01.
The day’s range was $2.26, and price successfully retested the 68.00 level, where we re-entered longs.
As stated in yesterday’s plan a 68.00 retest was structurally favourable so we looked for 69.40 to flip to intraday resistance, and discussed why a rally off $68.0 would likely be a strong one (liquidity).
WTI 1 hour:
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