WTI Crude Oil Mid-day Analysis 07 July 2017

Under Pressure

Our Pivot: 45.46

Our Preference: Short sell below 44.61 with strict stop loss of 45.46 and target at 43.56 and 42.96.

Alternate Scenario: Upward penetration of 45.46 will call for 46.50.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: