Tanalys

Crude Oil (WTI) (Z5) ST: caution.

Pivot: 43

Our preference: Long positions above 43 with targets @ 50.9 56.6 in extension.

Alternative scenario: Below 43 look for further downside with 37.5 33 as targets.

Comment: Investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances:

61.5 **

56.6 **

50.9 ***

43.49 Last

43 ***

37.5 **

33 **

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