Tanalys

Crude Oil (WTI) (X5) Intraday: key resistance at 49.7.

Pivot: 49.7

Our preference: Short positions below 49.7 with targets @ 47.4 46.9 in extension.

Alternative scenario: Above 49.7 look for further upside with 50.8 51.66 as targets.

Comment: As long as 49.7 is resistance, likely decline to 47.4.

Supports and resistances:

51.66

50.8

49.7

48.17 Last

47.4

46.9

45.9

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