Tanalys

Crude Oil (NYMEX) (G5) Intraday: capped by a negative trend line.

Pivot: 54.3

Our preference: Short positions below 54.3 with targets @ 52.45 51.8 in extension.

Alternative scenario: Above 54.3 look for further upside with 55.1 55.7 as targets.

Comment: Technically the RSI is below its neutrality area at 50.

Supports and resistances:

55.7

55.1

54.3

53.32 Last

52.45

51.8

50.89

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