WTI Crude Oil Intra-day Analysis 06 January 2017

 Under Pressure

Our Pivot: 54.15

Our Preference: Short sell below 53.80 with strict stop loss of 54.15 and target at 53.00 and 52.54

Alternate Scenario: Upward penetration of 54.15 will call for 54.50.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: