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.
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