Tanalys

Crude Oil (WTI) (V5) Intraday: key resistance at 47.

Pivot: 47

Our preference: Short positions below 47 with targets @ 43.2 41.75 in extension.

Alternative scenario: Above 47 look for further upside with 48.7 49.4 as targets.

Comment: As long as 47 is resistance, likely decline to 43.2.

Supports and resistances:

49.4

48.7

47

46 Last

43.2

41.75

39.8

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