WTI Crude Oil Mid-day Analysis 19 January 2017

Under Pressure

Our Pivot: 52.89

Our Preference: Short sell below 52.63 with strict stop loss of 52.89 and target at 51.71 and 51.15.

Alternate Scenario: Upward penetration of 52.89 will call for 53.38.

NOTE: Capped by a negative trend line.

Chart with Supports and Resistances: