Crude Oil (WTI) (F19) Intraday: under pressure.

Crude Oil (WTI) (F19) Intraday: under pressure.
Pivot: 51.60

Most likely scenario: short positions below 51.60 with targets at 49.90 & 49.00 in extension.

Alternative scenario: above 51.60 look for further upside with 52.80 & 53.55 as targets.

Comment: the RSI is mixed to bearish. The prices are trading around the 20-period moving average.

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