WTI Crude Oil Intra-day Analysis 10 Aug 2016

Under Pressure

Our Pivot: 43.36

Our Preference: Short sell below 42.81 with strict stop loss of 43.36 and target at 41.80 and 41.17.

Alternate Scenario: Upward penetration of 43.36 will call for 43.90.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances