Tanalys

Crude Oil (WTI) (X5) Intraday: bullish bias above 45.

Pivot: 45

Our preference: Long positions above 45 with targets @ 46 46.4 in extension.

Alternative scenario: Below 45 look for further downside with 44.35 43.85 as targets.

Comment: A support base at 45 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

47.15

46.4

46

45.32 Last

45

44.35

43.85

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