WTI Light Sweet Crude Oil, DAILY Market Analysis 2/10/23

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For Friday, 78.11 can contain buying into the next week, below which 73.58 is attainable over the next 3 - 5 days.

Downside Friday, 76.32 can contain intraday weakness, while breaking/opening below 76.32 signal 74.91, where the market can place a daily low.

A settlement below 74.91 indicate 73.58 on Monday, able to contain selling through next week.

Upside Friday, pushing/opening above 78.11 allows 81.53 intraday, while closing above 78.11 indicates 83.42 by the end of next week, the start of a wide zone of longer-term resistance up to 86.43 able to contain buying into spring trade.

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