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Analysis

Crude Oil (WTI) may rise to 79.40 - 79.95

BY Trading Central

|5 16, 2024

(M4) Intraday: 79.95 expected.

 (M4) Intraday: 79.95 expected.

Pivot

78.40

Our preference

Long positions above 78.40 with targets at 79.40 & 79.95 in extension.

Alternative scenario

Below 78.40 look for further downside with 78.05 & 77.65 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

80.45

79.95

79.40

79.05 Last

78.40

78.05

77.65

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

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