WTI Crude Oil Evening Analysis 20 March 2017

Under Pressure

Our Pivot: 48.64

Our Preference: Short sell below 48.23 with strict stop loss of 48.64 and target at 47.51 and 47.20.

Alternate Scenario: Upward penetration of 48.64 will call for 49.16.

NOTE: Capped by a negative trend line

Chart with Supports and Resistance