Crude Oil (WTI) (Z18) Intraday: the downside prevails.

Date: 2018/11/07
Time: 03:24 (GMT +1)
Ticker: CL1
Last: 61.96
Pivot: 62.5
1st sup. 61.3
2nd sup. 60.7
3rd sup. 59.6
1st res. 62.5
2nd res. 63.3
3rd res. 63.9
Title:
Summary: Short positions below 62.50 with targets at 61.30 & 60.70 in extension.
Story: Pivot: 62.50

Our preference: short positions below 62.50 with targets at 61.30 & 60.70 in extension.

Alternative scenario: above 62.50 look for further upside with 63.30 & 63.90 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:
63.90
63.30
62.50
61.96 Last
61.30
60.70
59.60