Tanalys

Crude Oil (WTI) (K5) Intraday: turning down.

Pivot: 51.15

Our preference: Short positions below 51.15 with targets @ 48.2 47 in extension.

Alternative scenario: Above 51.15 look for further upside with 52.5 53.5 as targets.

Comment: The RSI has broken down its 30 level.

Supports and resistances:

53.5

52.5

51.15

48.49 Last

48.2

47

45.3

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