WTI Crude Oil Intra-day Analysis 04 May 2016

Limited Upside

Our Pivot: 42.38

Our Preference: Buy above 43.50 with strict stop loss of 42.38 and target at 44.40 and 44.80.

Alternate Scenario: Downward penetration of 42.38 will call for 41.80 and 41.24.

NOTE: Supported by trend line of rising channel.

Chart with Supports and Resistances: