WTI Crude Oil Mid-day Analysis 20 April 2016

Under Pressure

Our Pivot: 42.90

Our Preference: Short sell below 41.80 with strict stop loss of 42.90 and target at 40.84 and 40.00.

Alternate Scenario: Upward penetration of 42.90 will call for 43.60.

NOTE: Caged in a triangle.

Chart with Supports and Resistances: