Tanalys

Crude Oil (WTI) (X5) Intraday: capped by a negative trend line.

Pivot: 46.7

Our preference: Short positions below 46.7 with targets @ 45.37 45 in extension.

Alternative scenario: Above 46.7 look for further upside with 47.03 47.35 as targets.

Comment: As long as 46.7 is resistance, likely decline to 45.37.

Supports and resistances:

47.35

47.03

46.7

46.33 Last

45.37

45

44.6

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