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.
Beyond Technical AnalysisTechnical IndicatorsTrend Analysis

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