Tanalys

Crude Oil (WTI) (U5) Intraday: rebound expected.

Pivot: 47.35

Our preference: Long positions above 47.35 with targets @ 49.5 50.5 in extension.

Alternative scenario: Below 47.35 look for further downside with 46.65 45.95 as targets.

Comment: The RSI is mixed to bullish.

Supports and resistances:

51.4

50.5

49.5

48.92 Last

47.35

46.65

45.95

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