Crude Oil (WTI) may rise to 85.00 - 85.50
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.
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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