Crude Oil (WTI) may rise to 75.30 - 76.25

(U4) Intraday: towards 76.25.

Pivot

72.75

Our preference

Long positions above 72.75 with targets at 75.30 & 76.25 in extension.

Alternative scenario

Below 72.75 look for further downside with 71.75 & 70.70 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

77.30

76.25

75.30

74.14 Last

72.75

71.75

70.70

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

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