WTI Crude Intra-day Analysis 08 March 2018

Downside Prevails

Our Pivot: 62.00

Our Preference: Short sell below 61.51 with strict stop loss of 62.00 and target at 60.53 and 60.00.

Alternate Scenario: Upward penetration of 62.00 will call for 62.67.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances:.