Crude Oil (WTI) may fall to 80.00 - 80.30

Pivot

81.00

Our preference

Short positions below 81.00 with targets at 80.30 & 80.00 in extension.

Alternative scenario

Above 81.00 look for further upside with 81.35 & 81.70 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

81.70

81.35

81.00

80.60 Last

80.30

80.00

79.55

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