Crude Oil (WTI)

2015-09-14

Pivot: 44

Our preference: Long positions above 44 with targets @ 46.05 & 46.4 in extension.

Alternative scenario: Below 44 look for further downside with 43.4 & 42.75 as targets.

Comment: A support base at 44 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
47.25
46.4
46.05
44.51 Last
44
43.4
42.75