Crude Oil (WTI) (G19) Intraday: the downside prevails.

Crude Oil (WTI) (G19) Intraday: the downside prevails.
Pivot: 46.20

Most likely scenario: short positions below 46.20 with targets at 44.40 & 43.50 in extension.

Alternative scenario: above 46.20 look for further upside with 47.20 & 47.80 as targets.

Comment: the RSI advocates for further downside. The prices are trading below both the 20-period and 50-period moving averages.

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