Tanalys

Crude Oil (WTI) (F6) Intraday: key resistance at 38.9.

Crude Oil (WTI) (F6) Intraday: key resistance at 38.9.

Pivot: 38.9

Our preference: short positions below 38.9 with targets @ 37 36.4 in extension.

Alternative scenario: above 38.9 look for further upside with 39.8 40.7 as targets.

Comment: the immediate trend remains down and the momentum is strong.

Supports and resistances:

40.7

39.8

38.9

37.68 Last

37

36.4

35.9

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