Tanalys

Crude Oil (WTI) Intraday: bullish bias above 46.2.

Pivot: 46.2

Our preference: Long positions above 46.2 with targets @ 47.5 48.46 in extension.

Alternative scenario: Below 46.2 look for further downside with 45.23 44.6 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

49.2

48.46

47.5

46.75 Last

46.2

45.23

44.6

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