Crude Oil (WTI) (J4) Intraday: Crude oil resistance and support today
Pivot: 78.10
Our preference: long positions above 78.10 with targets at 79.40 & 80.00 in extension.
Alternative scenario: below 78.10 look for further downside with 77.65 & 77.35 as targets.
Comment: the RSI is bullish and calls for further upside.
Crude Oil WTI Supports and resistances:
Level 1: 80.65
Level 2: 80.00
Level 3: 79.40
Level 4: 78.65 Last
Level 5: 78.10
Level 6: 77.65
Level 7: 77.35
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