Crude Oil (WTI) may rise to 76.60 - 77.30

Pivot

74.75

Our preference

Long positions above 74.75 with targets at 76.60 & 77.30 in extension.

Alternative scenario

Below 74.75 look for further downside with 74.15 & 73.65 as targets.

Comment

The break above 74.75 is a positive signal that has opened a path to 76.60.

Supports and resistances

78.00

77.30

76.60

75.48 Last

74.75

74.15

73.65

Number of asterisks represents the strength of support and resistance levels
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