WTI Intraday: under pressure.
WTI (USOIL)
-5.632-6.08%
short positions below 100.50 with targets at 93.50 & 91.70 in extension.
Pivot: 100.50
Our preference: short positions below 100.50 with targets at 93.50 & 91.70 in extension.
Alternative scenario: above 100.50 look for further upside with 103.00 & 105.60 as targets.
Comment: as long as 100.50 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
105.60
103.00
100.50
96.53 Last
93.50
91.70
87.00
Our preference: short positions below 100.50 with targets at 93.50 & 91.70 in extension.
Alternative scenario: above 100.50 look for further upside with 103.00 & 105.60 as targets.
Comment: as long as 100.50 is resistance, look for choppy price action with a bearish bias.
Supports and resistances:
105.60
103.00
100.50
96.53 Last
93.50
91.70
87.00
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