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

Crude Oil (WTI) (F19) Intraday: under pressure.
Pivot: 49.85

Most likely scenario: short positions below 49.85 with targets at 48.60 & 48.00 in extension.

Alternative scenario: above 49.85 look for further upside with 50.50 & 51.00 as targets.

Comment: the RSI has broken down its 30 level. The prices are capped by the descending 20-period moving average.

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