Tanalys

Crude Oil (NYMEX) (J5) Intraday: turning down.

Pivot: 52.4

Our preference: Short positions below 52.4 with targets @ 49.6 48.7 in extension.

Alternative scenario: Above 52.4 look for further upside with 53.1 54.2 as targets.

Comment: The RSI is bearish and calls for further downside.

Supports and resistances:

54.2

53.1

52.4

50.75 Last

49.6

48.7

47.8

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