WTI Light Sweet Crude Oil, DAILY Market Analysis 2/9/23

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For Thursday, 78.38 can contain buying through the balance of the week, below which 74.12 is attainable over the next 3 - 5 days.

Downside Thursday, 76.30 can contain intraday weakness, while breaking/opening below 76.30 allow 74.12 - 74.81 intraday, able to contain selling through next week, and above which 83.37 is attainable over the next 2 - 3 weeks.

Upside Thursday, pushing/opening above 78.38 allows 81.53 intraday, while closing above 78.38 indicates 83.37 by the end of next week, the start of a wide zone of longer-term resistance up to 86.48 able to contain buying into spring trade.

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