• rude Oil (WTI) (N6) Intraday: the downside prevails.

    rude Oil (WTI) (N6) Intraday: the downside prevails.

     
      Pivot: 49.50

    Most Likely Scenario: short positions below 49.50 with targets @ 48.00 & 47.50 in extension.

    Alternative scenario: above 49.50 look for further upside with 50.00 & 50.35 as targets.

    Comment: The declining 50-period moving average maintains the downside bias.


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