WTI Light Sweet Crude Oil, DAILY Market Analysis 10/21/22

2022年10月20日

For Friday, 83.90 can contain selling into early next week, above which 90.42 remains a 3-5 day target, where the market can top out through next week and the level to settle above for yielding the more meaningful 97.85 - 100.26 region within 1-2 weeks. Downside Friday, breaking/opening below 83.90 signals 81.30, while closing today below 83.90 will keep 78.43 longer-term support in reach by the end of next week, able to contain selling through November, and above which the 97.85-100.26 region is attainable by the end of the year or sooner.