Crude Oil (WTI) may rise to 71.25 - 71.85

Pivot

69.15

Our preference

Long positions above 69.15 with targets at 71.25 & 71.85 in extension.

Alternative scenario

Below 69.15 look for further downside with 68.50 & 67.85 as targets.

Comment

The RSI lacks momentum.

Supports and resistances

72.40

71.85

71.25

69.71 Last

69.15

68.50

67.85

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