WTI Light Sweet Crude Oil, DAILY Market Analysis 11/29/22

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For Tuesday, 76.48 can contain weekly selling pressures, above which 82.87 is likely within the week, possibly allowing 92.46 by the end of December.

Upside Tuesday, 78.49 can contain intraday strength, beyond which 82.87 is attainable intraday and able to contain buying into later week.

A daily settlement above 82.87 indicates 92.46 long-term resistance within 2-3 weeks, where the market can top out through winter activity.

Downside Tuesday, breaking/opening below 76.48 allows 72.87, while closing today below 76.48 indicates 66.72 within 2-3 weeks, the start of a narrowing range of support able to contain selling through winter activity.

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