Crude Oil (WTI) may fall to 62.00 - 65.70

Pivot

76.20

Our preference

Short positions below 76.20 with targets at 65.70 & 62.00 in extension.

Alternative scenario

Above 76.20 look for further upside with 80.00 & 84.50 as targets.

Comment

The RSI is mixed with a bearish bias.

Supports and resistances

84.50 ***

80.00 ***

76.20 ***

71.45 Last

65.70 ***

62.00 **

60.00 **

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