Crude Oil (WTI) may rise to 79.65 - 80.45

Pivot

78.60

Our preference

Long positions above 78.60 with targets at 79.65 & 80.45 in extension.

Alternative scenario

Below 78.60 look for further downside with 78.15 & 77.70 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

81.30

80.45

79.65

79.35 Last

78.60

78.15

77.70

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