Crude Oil (WTI) may fall to 79.75 - 80.20
Pivot
81.35
Our preference
Short positions below 81.35 with targets at 80.20 & 79.75 in extension.
Alternative scenario
Above 81.50 look for further upside with 82.00 & 82.50 as targets.
Comment
As long as the resistance at 81.35 is not surpassed, the risk of the break below 80.20 remains high.
Supports and resistances
82.50
82.00
81.35
80.93 Last
80.20
79.75
79.20
Number of asterisks represents the strength of support and resistance levels.
81.35
Our preference
Short positions below 81.35 with targets at 80.20 & 79.75 in extension.
Alternative scenario
Above 81.50 look for further upside with 82.00 & 82.50 as targets.
Comment
As long as the resistance at 81.35 is not surpassed, the risk of the break below 80.20 remains high.
Supports and resistances
82.50
82.00
81.35
80.93 Last
80.20
79.75
79.20
Number of asterisks represents the strength of support and resistance levels.
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