Crude Oil (WTI) (X18) Intraday: under pressure.

Date: 2018/10/11
Time: 09:37 (GMT +2)
Ticker: CL1
Last: 71.82
Pivot: 72.6
1st sup. 71.25
2nd sup. 70.65
3rd sup. 70.0
1st res. 72.6
2nd res. 73.6
3rd res. 74.2
Title:
Summary: Short positions below 72.60 with targets at 71.25 & 70.65 in extension.
Story: Pivot: 72.60

Our preference: short positions below 72.60 with targets at 71.25 & 70.65 in extension.

Alternative scenario: above 72.60 look for further upside with 73.60 & 74.20 as targets.

Comment: as long as 72.60 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
74.20
73.60
72.60
71.82 Last
71.25
70.65
70.00