Crude Oil (WTI) may rise to 71.25 - 71.85
Pivot
69.15
Our preference
Long positions above 69.15 with targets at 71.25 & 71.85 in extension.
Alternative scenario
Below 69.15 look for further downside with 68.50 & 67.85 as targets.
Comment
The RSI lacks momentum.
Supports and resistances
72.40
71.85
71.25
69.71 Last
69.15
68.50
67.85
Number of asterisks represents the strength of support and resistance levels.
69.15
Our preference
Long positions above 69.15 with targets at 71.25 & 71.85 in extension.
Alternative scenario
Below 69.15 look for further downside with 68.50 & 67.85 as targets.
Comment
The RSI lacks momentum.
Supports and resistances
72.40
71.85
71.25
69.71 Last
69.15
68.50
67.85
Number of asterisks represents the strength of support and resistance levels.
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