WTI Crude Oil Intra-day Analysis 05 May 2016

Under Pressure

Our Pivot: 45.30

Our Preference: Short sell below 44.70 with strict stop loss of 45.30 and profit target at 43.60 and 43.20.

Alterante Scenario: Upward penetration of 45.30 will call for 45.68 and 46.10.

NOTE: Capeed by a negative trend line.

Chart with Supports and Resistances: