Tanalys

Crude Oil (WTI) (Q5) Intraday: key resistance at 51.25.

Pivot: 51.25

Our preference: Short positions below 51.25 with targets @ 50 49.3 in extension.

Alternative scenario: Above 51.25 look for further upside with 52.2 52.85 as targets.

Comment: As long as 51.25 is resistance, likely decline to 50.

Supports and resistances:

52.85

52.2

51.25

50.77 Last

50

49.3

48.75

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