Tanalys

Crude Oil (WTI) (K5) Intraday: break of a ST rising trendline support.

Pivot: 50.3

Our preference: Short positions below 50.3 with targets @ 47 45.3 in extension.

Alternative scenario: Above 50.3 look for further upside with 51.15 52.5 as targets.

Comment: As long as 50.3 is resistance, likely decline to 47.

Supports and resistances:

52.5

51.15

50.3

48.48 Last

47

45.3

44

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