Crude Oil (WTI) may fall to 78.60 - 79.30

Pivot

80.75

Our preference

Short positions below 80.75 with targets at 79.30 & 78.60 in extension.

Alternative scenario

Above 80.75 look for further upside with 81.50 & 82.00 as targets.

Comment

As long as 80.75 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

82.00

81.50

80.75

80.14 Last

79.30

78.60

77.90

Number of asterisks represents the strength of support and resistance levels.
Trend AnalysisWave Analysis

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