Tanalys

Crude Oil (WTI) (V5) Intraday: bullish bias above 44.2.

Pivot: 44.2

Our preference: Long positions above 44.2 with targets @ 46.4 47.25 in extension.

Alternative scenario: Below 44.2 look for further downside with 43.2 41.75 as targets.

Comment: A support base at 44.2 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

48.45

47.25

46.4

45.23 Last

44.2

43.2

41.75

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