Tanalys

Crude Oil (NYMEX) (H5) Intraday: key resistance at 51.2.

Pivot: 51.2

Our preference: Short positions below 51.2 with targets @ 47.4 45.65 in extension.

Alternative scenario: Above 51.2 look for further upside with 52.55 54 as targets.

Comment: As long as 51.2 is resistance, likely decline to 47.4.

Supports and resistances:

54

52.55

51.2

50.35 Last

47.4

45.65

44.3

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