WTI Crude Oil Intra-day Analysis 29 July 2019

Under Pressure

Our Pivot: 56.52

Our Preference: Short sell below 56.18 with strict stop loss of 56.52 and target at 55.67 and 55.39.

Alternate Scenario: Upward penetration of 56.52 will call for 56.92.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: