Crude Oil (WTI) may fall to 80.00 - 80.25

Pivot

81.00

Our preference

Short positions below 81.00 with targets at 80.25 & 80.00 in extension.

Alternative scenario

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

Comment

As long as the resistance at 81.00 is not surpassed, the risk of the break below 80.25 remains high.

Supports and resistances

81.70

81.35

81.00

80.92 Last

80.25

80.00

79.55

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