Crude Oil (WTI) (F19) Intraday: the downside prevails.

Crude Oil (WTI) (F19) Intraday: the downside prevails.
Pivot: 51.55

Most likely scenario: short positions below 51.55 with targets at 50.10 & 49.40 in extension.

Alternative scenario: above 51.55 look for further upside with 52.50 & 53.10 as targets.

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

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