WTI Crude Oil Intra-day Analysis 12 April 2016

Under Pressure

Our Pivot: 41.25

Our Preference: Short sell below 40.38 with strict stop loss of 41.25 and target at 39.84 and 39.25.

Alternate Scenario: Upward penetration if 41.25 will call for 41.87.

NOTE: Capped by a horizontal resistance and supported trend line penetrated in downward direction.

Chart with Supports and Resistances: