Tanalys

Crude Oil (WTI) (Q5) ST: under pressure.

Pivot: 56.5

Our preference: Short positions below 56.5 with targets @ 47 42 in extension.

Alternative scenario: Above 56.5 look for further upside with 62 70 as targets.

Comment: As long as 56.5 is resistance, likely decline to 47.

Supports and resistances:

70 **

62 **

56.5 **

50.47 Last

47 ***

42 **

33 **

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