WTI Crude Oil Intra-day Analysis 11 Aug 2016

Under Pressure

Our Pivot: 42.10

Our Preference: Short sell below 41.55 with strict stop loss of 42.10 and target at 41.00 and 40.42.

Alternate Scenario: Upward penetration of 42.10 will call for 42.73.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances