FX.co ★ Analysis of Crude Oil for February 11,.2022 - Buyers still in control

Technical analysis:

Crude Oil has been trading upside this morning and I see potential for the upside continuation Buying opportunities under the current regime are preferable.

Trading recommendation:

Due to strong rejection of the key support at the price of8 9,20 in the background, I see potential for the rally towards upper references.

Watch for buying opportunities on the intraday pullbacks with the upside objective at 93,10.

The short-term trend is still bullish, which is another sign for the upside continuation.

Additionally, there is the rejection of the rising trend line in the background, which is another sign of strength.