Crude Oil (WTI) may fall to 64.00 - 67.60

(V4) ST: watch 64.00.

Pivot

77.50

Our preference

Short positions below 77.50 with targets at 67.60 & 64.00 in extension.

Alternative scenario

Above 77.50 look for further upside with 80.10 & 84.50 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

84.50 ***

80.10 ***

77.50 ***

70.00 Last

67.60 ***

64.00 **

60.50 **

Number of asterisks represents the strength of support and resistance levels.

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