• Crude Oil (WTI) (J7) Intraday: break of a ST rising trendline support.

    Crude Oil (WTI) (J7) Intraday: break of a ST rising trendline support.

    Crude Oil (WTI) (J7) Intraday: break of a ST rising trendline support.

    Pivot: 48.90

    Most Likely Scenario: short positions below 48.90 with targets at 47.90 & 47.50 in extension.

    Alternative scenario: above 48.90 look for further upside with 49.21 & 49.62 as targets.

    Comment: the RSI broke below a rising trend line.

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