WTI Crude Evening Analysis 16 Nov 2017

Under Pressure

Our Pivot: 56.50

Our Preference: Short sell below 55.72 with strict stop loss of 56.50 and target at 54.60 and 54.15.

Alternate Scenario: Upward penetration of 56.50 will call for 57.40.

NOTE: Capped by a negative trend line

Chart with Supports and Resistance