Tanalys

Crude Oil (WTI) (Q5) Intraday: consolidation.

Pivot: 51.4

Our preference: Long positions above 51.4 with targets @ 53.34 53.85 in extension.

Alternative scenario: Below 51.4 look for further downside with 50.5 50 as targets.

Comment: As long as 51.4 is resistance, likely decline to 53.34.

Supports and resistances:

54.45

53.85

53.34

52.93 Last

51.4

50.5

50

Copyright 1999 – 2015 TRADING CENTRAL

Exit mobile version