WTIUSD

As long as prices remain above the 76.50 - 77.00 support, an upward outlook may be at the forefront and 78.00 and 78.50 levels may be targeted. As long as possible declines remain limited to the 76.50 - 77.00 support, new upside potential may occur. However, for declines to continue, a course below 76.50 and 4-hour closings are required, in which case the 76.00 and 75.50 levels may come to the fore.