Daniel_Thompson

Crude Oil (WTI) may rise to 78.80 - 79.35

Long
BLACKBULL:WTI   WTI Light Crude Oil
Pivot

77.60

Our preference

Long positions above 77.60 with targets at 78.80 & 79.35 in extension.

Alternative scenario

Below 77.60 look for further downside with 77.25 & 76.80 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

80.00

79.35

78.80

78.23 Last

77.60

77.25

76.80

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