Tanalys

Crude Oil (WTI) (V5) Intraday: bullish bias above 44.

Pivot: 44

Our preference: Long positions above 44 with targets @ 46.05 46.4 in extension.

Alternative scenario: Below 44 look for further downside with 43.4 42.75 as targets.

Comment: A support base at 44 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

47.25

46.4

46.05

44.84 Last

44

43.4

42.75

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