WTI Crude Technical Projection for the Week (07/10)

WTI Crude, has broken Resistance at 75.24 last week but ended with a strong reversal candle last Thursday (4/10). Next week can be a an extended profit taking, pulling-back to Fibonacci Support at 72.00. A bounce at this level is likely to continue the optimism in Crude.

Bullish Scenario, with targets at 77.84 and 79.81.
Bearish Scenario, with targets at 71.23 and 67.05.

Disclaimer: Technical Projections are not to be treated as financial advice but solely for educational purposes only.