Tanalys

Crude Oil (NYMEX) (J5) Intraday: break of a ST rising trendline support.

Pivot: 48.4

Our preference: Long positions above 48.4 with targets @ 51.5 52.75 in extension.

Alternative scenario: Below 48.4 look for further downside with 47.65 46.25 as targets.

Comment: The RSI is mixed to bullish.

Supports and resistances:

54

52.75

51.5

50.6 Last

48.4

47.65

46.25

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version