WTI Crude Oil Intra-day Analysis 09 May 2016

Key Resistance @ 46.15

Our Pivot: 46.15

Our Preference: Short sell below 45.65 with strict stop loss of 46.15 and target at 44.78 and 44.40.

Alterante Scenario: Upward penetration of 46.15 will call for 46.73.

NOTE: Capped by negative trend line.

Chart with Supports and Resistances: