Crude Oil (WTI) may rise to 78.70 - 79.30
Pivot
77.35
Our preference
Long positions above 77.35 with targets at 78.70 & 79.30 in extension.
Alternative scenario
Below 77.35 look for further downside with 76.80 & 76.40 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
80.00
79.30
78.70
77.85 Last
77.35
76.80
76.40
Number of asterisks represents the strength of support and resistance levels.
77.35
Our preference
Long positions above 77.35 with targets at 78.70 & 79.30 in extension.
Alternative scenario
Below 77.35 look for further downside with 76.80 & 76.40 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances
80.00
79.30
78.70
77.85 Last
77.35
76.80
76.40
Number of asterisks represents the strength of support and resistance levels.
Feragatname
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