Crude Oil (WTI) may rise to 84.40 - 87.70

Pivot

76.80

Our preference

Long positions above 76.80 with targets at 84.40 & 87.70 in extension.

Alternative scenario

Below 76.80 look for further downside with 75.20 & 72.80 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

90.80 ***

87.70 ***

84.40 ***

80.40 Last

76.80 ***

75.20 **

72.80 **

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