Tanalys

Crude Oil (WTI) (J5) Intraday: the downside prevails.

Pivot: 45.5

Our preference: Short positions below 45.5 with targets @ 42 40.6 in extension.

Alternative scenario: Above 45.5 look for further upside with 46.7 47.3 as targets.

Comment: As long as 45.5 is resistance, likely decline to 42.

Supports and resistances:

47.3

46.7

45.5

43.76 Last

42

40.6

39.4

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