Crude Oil (WTI) is neutral

Pivot

84.50

Our preference

Short positions below 84.50 with targets at 64.00 & 57.00 in extension.

Alternative scenario

Above 84.50 look for further upside with 95.00 & 105.00 as targets.

Comment

The RSI lacks momentum.

Supports and resistances

105.00 **

95.00 ***

84.50 ***

76.36 Last

64.00 ***

57.00 ***

50.00 **

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