WTI Crude Oil Intra-day Analysis 12 July 2016

Under Pressure

Our Pivot: 45.61

Our Preference: Short sell below 44.91 with strict stop loss of 45.61 and target at 44.15 and 43.50.

Alternate Scenario: Upward penetration of 45.61 will call for 45.95.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances