Crude Oil (WTI) may rise to 78.50 - 79.00

Pivot

77.10

Our preference

Long positions above 77.10 with targets at 78.50 & 79.00 in extension.

Alternative scenario

Below 77.10 look for further downside with 76.60 & 76.10 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

79.30

79.00

78.50

77.96 Last

77.10

76.60

76.10

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