Crude Oil (WTI) may fall to 79.75 - 80.00

Pivot

81.00

Our preference

Short positions below 81.00 with targets at 80.00 & 79.75 in extension.

Alternative scenario

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

Comment

The RSI shows downside momentum.

Supports and resistances

81.70

81.35

81.00

80.58 Last

80.00

79.75

79.55

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