WTI Crude Oil Intra-day Analysis 30 May 2016

Key Support @ 48.60

Our Pivot: 48.60

Our Preference: Buy above 49.00 with strict stop loss of 48.60 and target at 49.50 and 50.16.

Alternate Scenario: Downward penetration of 48.60 will call for 47.56.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: