Tanalys

Crude Oil (WTI) (V5) Intraday: under pressure.

Pivot: 41.4

Our preference: Short positions below 41.4 with targets @ 39.57 39.14 in extension.

Alternative scenario: Above 41.4 look for further upside with 41.8 42.6 as targets.

Comment: As long as 41.4 is resistance, likely decline to 39.57.

Supports and resistances:

42.6

41.8

41.4

40.07 Last

39.57

39.14

38.61

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