Tanalys

Crude Oil (WTI) (F6) Intraday: the downside prevails.

Pivot: 39.8

Our preference: short positions below 39.8 with targets @ 37 36.4 in extension.

Alternative scenario: above 39.8 look for further upside with 40.7 41.8 as targets.

Comment: as long as 39.8 is resistance, likely decline to 37.

Supports and resistances:

41.8

40.7

39.8

37.76 Last

37

36.4

35.9

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