Daniel_Thompson

Crude Oil (WTI) may rise to 80.45 - 80.80

Long
BLACKBULL:WTI   WTI Light Crude Oil
Pivot

79.25

Our preference

Long positions above 79.25 with targets at 80.45 & 80.80 in extension.

Alternative scenario

Below 79.25 look for further downside with 78.70 & 78.25 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

81.30

80.80

80.45

79.90 Last

79.25

78.70

78.25

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.