Tanalys

Crude Oil (WTI) (H6) Intraday: limited upside.

Pivot: 29.9

Our preference: long positions above 29.9 with targets @ 30.95 31.53 in extension.

Alternative scenario: below 29.9 look for further downside with 29.25 28.85 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

32.1

31.53

30.95

30.62 Last

29.9

29.25

28.85

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