USD Trading Outlook (13-05-2016)

Crude Oil‏ (WTI)‏ (M6) Intraday: turning up

Pivot: 45.58

Our preference: long positions above 45.58 with targets @ 47.04 & 47.70 in extension.

Alternative scenario: below 45.58 look for further downside with 44.92 & 44.05 as targets.

Comment: the RSI is mixed to bullish.

Supports and resistances:
48.15
47.70
47.04
46.46 Last
45.58
44.92
44.05

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