WTI Crude Oil Mid-day Analysis 28 Sep 2016

Under Pressure

Our Pivot: 45.48

Our Preference: Short sell below 44.95 with strict stop loss of 45.48 and target at 44.27 and 43.76.

Alternate Scenario: Upward penetration of 45.48 will call for 45.90.

NOTE: Capped by a negative trend line

Chart with Supports and Resistances: