WTI Crude Oil Mid-day Analysis 24 January 2017

Under Pressure

Our Pivot: 53.45

Our Preference: Short sell below 53.20 with strict stop loss of 53.45 and target at 52.60 and 52.21.

Alternate Scenario: Upward penetration of 53.45 will call for 53.75.

NOTE: Capped by a negative trend line.

Chart with Supports and Resistances: