Crude Oil (WTI) may fall to 77.25 - 77.70
Pivot
78.45
Our preference
Short positions below 78.45 with targets at 77.70 & 77.25 in extension.
Alternative scenario
Above 78.45 look for further upside with 78.90 & 79.30 as targets.
Comment
As long as the resistance at 78.45 is not surpassed, the risk of the break below 77.70 remains high.
Supports and resistances
79.30
78.90
78.45
78.10 Last
77.70
77.25
76.60
Number of asterisks represents the strength of support and resistance levels
78.45
Our preference
Short positions below 78.45 with targets at 77.70 & 77.25 in extension.
Alternative scenario
Above 78.45 look for further upside with 78.90 & 79.30 as targets.
Comment
As long as the resistance at 78.45 is not surpassed, the risk of the break below 77.70 remains high.
Supports and resistances
79.30
78.90
78.45
78.10 Last
77.70
77.25
76.60
Number of asterisks represents the strength of support and resistance levels
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