Crude Oil (WTI) may rise to 69.90 - 70.65

Pivot

67.85

Our preference

Long positions above 67.85 with targets at 69.90 & 70.65 in extension.

Alternative scenario

Below 67.85 look for further downside with 67.25 & 66.70 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

71.35

70.65

69.90

68.94 Last

67.85

67.25

66.70

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