Tanalys

Crude Oil (NYMEX) (H5) Intraday: the downside prevails.

Pivot: 46.7

Our preference: Short positions below 46.7 with targets @ 43.7 42.6 in extension.

Alternative scenario: Above 46.7 look for further upside with 47.8 49.1 as targets.

Comment: As long as 46.7 is resistance, likely decline to 43.7.

Supports and resistances:

49.1

47.8

46.7

45.37 Last

43.7

42.6

41.4

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