Crude Oil (WTI) may rise to 71.25 - 71.85

Pivot

69.15

Our preference

Long positions above 69.15 with targets at 71.25 & 71.85 in extension.

Alternative scenario

Below 69.15 look for further downside with 68.50 & 67.85 as targets.

Comment

The RSI lacks momentum.

Supports and resistances

72.40

71.85

71.25

69.71 Last

69.15

68.50

67.85

Number of asterisks represents the strength of support and resistance levels.
Chart PatternsTrend AnalysisWave Analysis

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