Crude Oil (WTI) may rise to 79.95 - 80.40

Pivot

78.75

Our preference

Long positions above 78.75 with targets at 79.95 & 80.40 in extension.

Alternative scenario

Below 78.75 look for further downside with 78.30 & 77.80 as targets.

Comment

The next resistances are at 79.95 and then at 80.40.

Supports and resistances

80.95

80.40

79.95

79.30 Last

78.75

78.30

77.80

Number of asterisks represents the strength of support and resistance levels.
Chart PatternsTrend AnalysisWave Analysis

Penafian