Tanalys

Crude Oil (WTI) (U5) Intraday: under pressure.

Pivot: 50.6

Our preference: Short positions below 50.6 with targets @ 48.5 48 in extension.

Alternative scenario: Above 50.6 look for further upside with 51.6 52.5 as targets.

Comment: As long as 50.6 is resistance, likely decline to 48.5.

Supports and resistances:

52.5

51.6

50.6

49.33 Last

48.5

48

47

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