Tanalys

Crude Oil (WTI) (K5) Intraday: under pressure.

Pivot: 49.5

Our preference: Short positions below 49.5 with targets @ 47 45.3 in extension.

Alternative scenario: Above 49.5 look for further upside with 51.15 52.5 as targets.

Comment: As long as 49.5 is resistance, likely decline to 47.

Supports and resistances:

52.5

51.15

49.5

48.56 Last

47

45.3

44

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