Tanalys

Crude Oil (WTI) (K5) ST: key resistance at 55.

Pivot: 55

Our preference: Short positions below 55 with targets @ 40 36.8 in extension.

Alternative scenario: Above 55 look for further upside with 64 70 as targets.

Comment: As long as 55 is resistance, likely decline to 40.

Supports and resistances:

70 **

64 **

55 ***

47.52 Last

40 **

36.8 **

33 **

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