Tanalys

Crude Oil (NYMEX) (G5) Intraday: choppy.

Pivot: 49.65

Our preference: Short positions below 49.65 with targets @ 45.05 44.2 in extension.

Alternative scenario: Above 49.65 look for further upside with 51.4 52.8 as targets.

Comment: The RSI advocates for further downside.

Supports and resistances:

52.8

51.4

49.65

46.5 Last

45.05

44.2

43

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