Crude Oil (WTI)

2015-09-10

Pivot: 46.4

Our preference: Short positions below 46.4 with targets @ 43.2 & 41.75 in extension.

Alternative scenario: Above 46.4 look for further upside with 47.25 & 48.45 as targets.

Comment: As long as 46.4 is resistance, likely decline to 43.2.

Supports and resistances:
48.45
47.25
46.4
43.86 Last
43.2
41.75
40.5