Tanalys

Crude Oil (NYMEX) (G5) Intraday: key resistance at 48.9.

Pivot: 48.9

Our preference: Short positions below 48.9 with targets @ 45.95 45.05 in extension.

Alternative scenario: Above 48.9 look for further upside with 49.65 51.4 as targets.

Comment: As long as 48.9 is resistance, likely decline to 45.95.

Supports and resistances:

51.4

49.65

48.9

47.93 Last

45.95

45.05

44.2

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