WTI Intraday: intraday support around 78.60.
May 8, 2024 20:19
WTI (USOIL)
0.131+0.17%
long positions above 78.60 with targets at 79.63 & 80.00 in extension.
Pivot: 78.60
Our preference: long positions above 78.60 with targets at 79.63 & 80.00 in extension.
Alternative scenario: below 78.60 look for further downside with 78.15 & 77.70 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
80.45
80.00
79.63
79.16 Last
78.60
78.15
77.70
Our preference: long positions above 78.60 with targets at 79.63 & 80.00 in extension.
Alternative scenario: below 78.60 look for further downside with 78.15 & 77.70 as targets.
Comment: the RSI advocates for further advance.
Supports and resistances:
80.45
80.00
79.63
79.16 Last
78.60
78.15
77.70
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