Crude Oil (WTI) may rise to 87.40 - 88.20

Pivot

86.00

Our preference

Long positions above 86.00 with targets at 87.40 & 88.20 in extension.

Alternative scenario

Below 86.00 look for further downside with 85.50 & 84.65 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

89.00

88.20

87.40

86.80 Last

86.00

85.50

84.65

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