Crude Oil (WTI) may fall to 79.75 - 80.20

Pivot

81.35

Our preference

Short positions below 81.35 with targets at 80.20 & 79.75 in extension.

Alternative scenario

Above 81.50 look for further upside with 82.00 & 82.50 as targets.

Comment

As long as the resistance at 81.35 is not surpassed, the risk of the break below 80.20 remains high.

Supports and resistances

82.50

82.00

81.35

80.93 Last

80.20

79.75

79.20

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