Tanalys

Crude Oil (WTI) (K5) Intraday: rebound.

Pivot: 47.9

Our preference: Long positions above 47.9 with targets @ 51.15 52.05 in extension.

Alternative scenario: Below 47.9 look for further downside with 47 45.3 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

52.55

52.05

51.15

49.77 Last

47.9

47

45.3

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