Crude Oil (NYMEX) (J5) Intraday: under pressure.
Pivot: 50.6
Our preference: Short positions below 50.6 with targets @ 49.25 & 48.7 in extension.
Alternative scenario: Above 50.6 look for further upside with 51.25 & 52.4 as targets.
Comment: As long as 50.6 is resistance, likely decline to 49.25.
