Tanalys

Crude Oil (NYMEX) (J5) Intraday: choppy.

Pivot: 49

Our preference: Short positions below 49 with targets @ 47.3 46.4 in extension.

Alternative scenario: Above 49 look for further upside with 49.85 50.6 as targets.

Comment: As long as 49 is resistance, likely decline to 47.3.

Supports and resistances:

50.6

49.85

49

48.1 Last

47.3

46.4

45

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