|Crude Oil (WTI) (F19) Intraday: expect 44.60.|
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.