Tanalys

Crude Oil (WTI) (K5) Intraday: bullish bias above 51.45.

Pivot: 51.45

Our preference: Long positions above 51.45 with targets @ 53.1 54.2 in extension.

Alternative scenario: Below 51.45 look for further downside with 50 48.2 as targets.

Comment: A support base at 51.45 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

55.7

54.2

53.1

51.6 Last

51.45

50

48.2

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