Tanalys

Crude Oil (WTI) (F6) ST: capped by a negative trend line.

Pivot: 48.45

Our preference: Short positions below 48.45 with targets @ 37.5 33 in extension.

Alternative scenario: Above 48.45 look for further upside with 51 56.5 as targets.

Comment: As long as 48.45 is resistance, likely decline to 37.5.

Supports and resistances:

56.5 **

51 **

48.45 ***

41.86 Last

37.5 ***

33 **

28 **

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