Crude Oil Daily Chart (Update) : The Downside Prevails.

Pivot : 50.75

Preference : short positions below 50.75 with targets at 47.05 & 45.10 in extension.

Alternative scenario: above 50.75 look for further upside with 52.65 & 55.00 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
55.00 *
52.65 **
50.75 ***
48.11 Last
47.05 ***
45.10 **
42.00 **