Crude Oil (WTI) may rise to 77.50 - 80.00

(X4) ST: caution.

Pivot

69.20

Our preference

Long positions above 69.20 with targets at 77.50 & 80.00 in extension.

Alternative scenario

Below 69.20 look for further downside with 65.70 & 62.00 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

84.50 ***

80.00 ***

77.50 ***

70.81 Last

69.20 ***

65.70 **

62.00 **

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

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