WTI Crude Oil Intra-day Analysis 11 April 2016

Key Resistance at 40.85

Our Pivot: 40.85

Our Preference: Short sell below 40.15 with strict stop loss of 40.85 and target at 39.42 and 39.09.

Alternate Scenario: Upward penetration of 40.85 will call for 41.25 and 41.75.

NOTE: Crude Oil price are capped by a horizontal resistance and its going to face a strong resistance from its 76.4% correction on daily and four hourly chart.

Chart with Supports and Resistances: