Daniel_Thompson

Crude Oil (WTI) may rise to 85.00 - 85.50

Long
BLACKBULL:WTI   WTI Light Crude Oil
Pivot

83.60

Our preference

Long positions above 83.60 with targets at 85.00 & 85.50 in extension.

Alternative scenario

Below 83.60 look for further downside with 83.00 & 82.60 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

86.00

85.50

85.00

84.37 Last

83.60

83.00

82.60

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