WTI Crude Oil Intra-day Analysis 18 Aug 2016

Upside Prevails

Our Pivot: 45.86

Our Preference: Buy above 46.54 with strict stop loss of 45.86 and target at 47.40 and 48.21.

Alternate Scenario: Downward penetration of 45.86 will call for 45.37.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: