Tanalys

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

Pivot: 54

Our preference: Short positions below 54 with targets @ 42 39 in extension.

Alternative scenario: Above 54 look for further upside with 62 70 as targets.

Comment: As long as 54 is resistance, likely decline to 42.

Supports and resistances:

70 **

62 **

54 ***

47.93 Last

42 ***

39 **

33 **

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