Tanalys

Crude Oil (WTI) (K5) Intraday: bullish bias above 55.05.

Pivot: 55.05

Our preference: Long positions above 55.05 with targets @ 58 60 in extension.

Alternative scenario: Below 55.05 look for further downside with 53.6 51.45 as targets.

Comment: The RSI is above its neutrality area at 50%.

Supports and resistances:

61.2

60

58

56.5 Last

55.05

53.6

51.45

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