Crude Oil (WTI) may rise to 81.30 - 84.50

Pivot

74.50

Our preference

Long positions above 74.50 with targets at 81.30 & 84.50 in extension.

Alternative scenario

Below 74.50 look for further downside with 71.70 & 67.60 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

87.70 ***

84.50 ***

81.30 ***

76.36 Last

74.50 ***

71.70 **

67.60 **

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