Crude Oil (WTI) (U5) Intraday: capped by a negative trend line.

Our preference: Short positions below 47.9 with targets @ 46.4 & 45.95 in extension.

Alternative scenario: Above 47.9 look for further upside with 48.5 & 49 as targets.

Comment: As long as 47.9 is resistance, likely decline to 46.4.

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