• Crude Oil (WTI) (F7) Intraday: key resistance at 48.50.

    Crude Oil (WTI) (F7) Intraday: key resistance at 48.50.

    Pivot: 48.50

    Most Likely Scenario: short positions below 48.50 with targets at 47.15 & 46.38 in extension.

    Alternative scenario: above 48.50 look for further upside with 49.22 & 49.79 as targets.

    Comment: the upward potential is likely to be limited by the resistance at 48.50.



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