Crude Oil (WTI) may rise to 77.50 - 80.00
BY Trading Central
|October 16, 2024(X4) ST: caution.
Pivot
69.20
Our preference
Long positions above 69.20 with targets at 77.50 & 80.00 in extension.
Alternative scenario
Below 69.20 look for further downside with 65.70 & 62.00 as targets.
Comment
The RSI is mixed and calls for caution.
Supports and resistances
84.50 ***
80.00 ***
77.50 ***
70.81 Last
69.20 ***
65.70 **
62.00 **
Number of asterisks represents the strength of support and resistance levels.
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