Crude Oil (WTI) may rise to 77.60 - 78.10

Pivot

76.70

Our preference

Long positions above 76.70 with targets at 77.60 & 78.10 in extension.

Alternative scenario

Below 76.70 look for further downside with 76.20 & 75.80 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

78.50

78.10

77.60

76.95 Last

76.70

76.20

75.80

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