Crude Oil (WTI) (F19) Intraday: target 50.00.

Date: 2018/12/06
Time: 10:09 (GMT +1)
Ticker: CL1
Last: 51.26
Pivot: 52.35
1st sup. 50.75
2nd sup. 50.0
3rd sup. 49.25
1st res. 52.35
2nd res. 53.3
3rd res. 54.5
Title:
Summary: Short positions below 52.35 with targets at 50.75 & 50.00 in extension.
Story: Pivot: 52.35

Our preference: short positions below 52.35 with targets at 50.75 & 50.00 in extension.

Alternative scenario: above 52.35 look for further upside with 53.30 & 54.50 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
54.50
53.30
52.35
51.26 Last
50.75
50.00
49.25