WTI Crude Oil Intra-day Analysis 07 June 2016

Key Resistance @ 50.16

Our Pivot: 50.16

Our Preference: Short sell below 49.67 with strict stop loss of 50.16 and target at 49.23 and 49.03.

Alternate Scenario: Upward penetration of 50.16 will call for 50.61.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: