WTI Light Crude OilShort
Crude Oil (WTI) may fall to 78.60 - 79.30
Pivot
80.75
Our preference
Short positions below 80.75 with targets at 79.30 & 78.60 in extension.
Alternative scenario
Above 80.75 look for further upside with 81.50 & 82.00 as targets.
Comment
As long as 80.75 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
82.00
81.50
80.75
80.14 Last
79.30
78.60
77.90
Number of asterisks represents the strength of support and resistance levels.
80.75
Our preference
Short positions below 80.75 with targets at 79.30 & 78.60 in extension.
Alternative scenario
Above 80.75 look for further upside with 81.50 & 82.00 as targets.
Comment
As long as 80.75 is resistance, look for choppy price action with a bearish bias.
Supports and resistances
82.00
81.50
80.75
80.14 Last
79.30
78.60
77.90
Number of asterisks represents the strength of support and resistance levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.