Crude Oil (WTI) may rise to 78.40 - 78.90

Pivot

77.20

Our preference

Long positions above 77.20 with targets at 78.40 & 78.90 in extension.

Alternative scenario

Below 77.20 look for further downside with 76.80 & 76.35 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

79.70

78.90

78.40

77.77 Last

77.20

76.80

76.35

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