Tanalys

Crude Oil (WTI) (Z5) Intraday: key resistance at 47.

Pivot: 47

Our preference: Short positions below 47 with targets @ 45.56 45.16 in extension.

Alternative scenario: Above 47 look for further upside with 47.6 48 as targets.

Comment: As long as 47 is resistance, likely decline to 45.56.

Supports and resistances:

48

47.6

47

46.11 Last

45.56

45.16

44.3

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