WTI Crude Oil Intra-day Analysis 06 July 2016

Turning Down

Our Pivot: 47.40

Our Preference: Short sell below 46.86 with strict stop loss of 47.40 and target at 46.13 and 45.82.

Alternate Scenario: Upward penetration of 47.40 will call for 47.65.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: