Tanalys

Crude Oil (WTI) (K5) Intraday: key resistance at 52.3.

Pivot: 52.3

Our preference: Short positions below 52.3 with targets @ 49.8 48.2 in extension.

Alternative scenario: Above 52.3 look for further upside with 54.1 55.7 as targets.

Comment: The RSI has struck against a major resistance around 70% and is reversing down.

Supports and resistances:

55.7

54.1

52.3

51.49 Last

49.8

48.2

47.1

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version