• Crude Oil (WTI) (M7) Intraday: key resistance at 49.70.

    Crude Oil (WTI) (M7) Intraday: key resistance at 49.70.



    Pivot: 49.70

    Most Likely Scenario: short positions below 49.70 with targets at 49.00 & 48.45 in extension.

    Alternative scenario: above 49.70 look for further upside with 50.20 & 50.50 as targets.

    Comment: the upward potential is likely to be limited by the resistance at 49.70.

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