WTI Crude Oil Intra-day Analysis 05 January 2017

Under Pressure

Our Pivot: 53.57

Our Preference: Short sell below 53.22 with strict stop loss of 53.57 and target at 52.56  and 52.23.

Alternate Scenario: Upward penetration of 53.57 will call for 53.90.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: