WTI Crude Oil Intra-day Analysis 23 Feb 2017

Under Pressure

Our Pivot: 54.60

Our Preference: Short sell below 54.15 with strict stop loss of 54.60 and target at 53.50 and 53.27.

Alternate Scenario: Upward penetration of 54.60 will call for 55.00.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: