WTI Crude Intra-day Analysis 29 Sep 2017

Under Pressure

Our Pivot: 53.07

Our Preference: Short sell below 52.00 with strict stop loss of  53.07 and target at 50.27 and 49.04.

Alternate Scenario: Upward penetration of 53.07 will call for 54.65.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances.