Daniel_Thompson

Crude Oil (WTI) may rise to 81.50 - 81.90

Long
BLACKBULL:WTI   WTI Light Crude Oil
Pivot

80.70

Our preference

Long positions above 80.70 with targets at 81.50 & 81.90 in extension.

Alternative scenario

Below 80.70 look for further downside with 80.40 & 80.00 as targets.

Comment

The break above 80.70 is a positive signal that has opened a path to 81.50.

Supports and resistances

82.15

81.90

81.50

81.13 Last

80.70

80.40

80.00

Number of asterisks represents the strength of support and resistance levels.
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