Crude Oil (WTI) may rise to 78.80 - 79.35

Pivot

77.40

Our preference

Long positions above 77.40 with targets at 78.80 & 79.35 in extension.

Alternative scenario

Below 77.40 look for further downside with 76.80 & 76.35 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

80.00

79.35

78.80

78.21 Last

77.40

76.80

76.35

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