Crude Oil (WTI) may rise to 79.75 - 80.00

Pivot

77.90

Our preference

Long positions above 77.90 with targets at 79.75 & 80.00 in extension.

Alternative scenario

Below 77.90 look for further downside with 77.25 & 76.70 as targets.

Comment

The break above the resistance at 77.90 triggered an upward acceleration to 79.75.

Supports and resistances

80.75

80.00

79.75

78.74 Last

77.90

77.25

76.70

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

Beyond Technical AnalysisFundamental AnalysisTechnical Indicators

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