Oil Market News
Crude Oil (NYMEX) (H5) Intraday: under pressure.
Most Likely Scenario: Short positions below 46.7 with targets @ 44.35 & 43.7 in extension.
Alternative scenario: Above 46.7 look for further upside with 47.8 & 49.1 as targets.
Comment: As long as 46.7 is resistance, likely decline to 44.35.