Crude Oil (WTI) (F19) Intraday: expect 44.60.
Pivot: 47.60

Most likely scenario: short positions below 47.60 with targets at 45.30 & 44.60 in extension.

Alternative scenario: above 47.60 look for further upside with 48.30 & 49.30 as targets.

Comment: the RSI is bearish and calls for further downside. Both declining 20-period and 50-period moving averages should push the prices lower.

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