Tanalys

Crude Oil (NYMEX) (G5) Intraday: key resistance at 46.8.

Pivot: 46.8

Our preference: Long positions above 46.8 with targets @ 50.35 52.2 in extension.

Alternative scenario: Below 46.8 look for further downside with 46 45 as targets.

Comment: The index currently faces a challenging resistance area at 46.8.

Supports and resistances:

53.8

52.2

50.35

49.35 Last

46.8

46

45

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