Crude Oil (WTI) may rise to 82.25 - 82.60

Pivot

81.20

Our preference

Long positions above 81.20 with targets at 82.25 & 82.60 in extension.

Alternative scenario

Below 81.20 look for further downside with 80.80 & 80.35 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

83.10

82.60

82.25

81.64 Last

81.20

80.80

80.35