Tanalys

Crude Oil (NYMEX) (J5) Intraday: under pressure.

Pivot: 50.2

Our preference: Short positions below 50.2 with targets @ 47.65 46.25 in extension.

Alternative scenario: Above 50.2 look for further upside with 51.5 52.75 as targets.

Comment: The RSI is mixed with a bearish bias.

Supports and resistances:

52.75

51.5

50.2

48.87 Last

47.65

46.25

45.05

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