Crude Oil (NYMEX) (J5) Intraday: under pressure
Pivot: 52.4
Our preference: Short positions below 52.4 with targets @ 49.6 & 48.7 in extension.
Alternative scenario: Above 52.4 look for further upside with 53.1 & 54.2 as targets.
Comment: As long as 52.4 is resistance, likely decline to 49.6.
