WTI Crude Oil Intra-day Analysis 26 July 2016

Under Pressure

Our Pivot: 44.27

Our Preference: Short sell below 43.37 with strict stop loss of 44.27 and target at 42.48 and 42.09.

Alternate Scenario:  Upward penetration of 44.27 will call for 44.90.

NOTE: Capped by a resistant trend line along with horizontal resistant region.

Chart with Supports and Resistances: