Tanalys

Crude Oil (WTI) (Z5) Intraday: bullish bias above 45.16.

Pivot: 45.16

Our preference: Long positions above 45.16 with targets @ 46.77 47.3 in extension.

Alternative scenario: Below 45.16 look for further downside with 44.3 43.75 as targets.

Comment: A support base at 45.16 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

48

47.3

46.77

45.64 Last

45.16

44.3

43.75

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