Tanalys

Crude Oil (WTI) (F6) Intraday: key resistance at 40.7.

Pivot: 40.7

Our preference: short positions below 40.7 with targets @ 39.16 38.52 in extension.

Alternative scenario: above 40.7 look for further upside with 41.8 42.2 as targets.

Comment: as long as 40.7 is resistance, likely decline to 39.16.

Supports and resistances:

42.2

41.8

40.7

39.66 Last

39.16

38.52

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