WTI Crude Oil Intra-day Analysis 29 July 2016

Under Pressure

Our Pivot: 41.72

Our Preference: Short sell below 41.22 with strict stop loss of 41.72 and target at 40.47 and 40.10.

Alternate Scenario:  Upward penetration of 41.72 will call for 42.15.

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

Chart with Supports and Resistances: