Crude Oil (WTI) may fall to 79.50 - 80.00

Pivot

81.15

Our preference

Short positions below 81.15 with targets at 80.00 & 79.50 in extension.

Alternative scenario

Above 81.15 look for further upside with 81.50 & 81.90 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

81.90

81.50

81.15

80.60 Last

80.00

79.50

79.05

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