Crude Oil (WTI) may rise to 79.75 - 80.00
Pivot
77.90
Our preference
Long positions above 77.90 with targets at 79.75 & 80.00 in extension.
Alternative scenario
Below 77.90 look for further downside with 77.25 & 76.70 as targets.
Comment
The break above the resistance at 77.90 triggered an upward acceleration to 79.75.
Supports and resistances
80.75
80.00
79.75
78.74 Last
77.90
77.25
76.70
Number of asterisks represents the strength of support and resistance levels.
77.90
Our preference
Long positions above 77.90 with targets at 79.75 & 80.00 in extension.
Alternative scenario
Below 77.90 look for further downside with 77.25 & 76.70 as targets.
Comment
The break above the resistance at 77.90 triggered an upward acceleration to 79.75.
Supports and resistances
80.75
80.00
79.75
78.74 Last
77.90
77.25
76.70
Number of asterisks represents the strength of support and resistance levels.
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