|Crude Oil (WTI) (G19) Intraday: the downside prevails.|
Most likely scenario: short positions below 49.40 with targets at 48.35 & 47.60 in extension.
Alternative scenario: above 49.40 look for further upside with 49.80 & 50.70 as targets.
Comment: the RSI is mixed to bearish. The prices are capped by the descending 20-period moving average.