Tanalys

Crude Oil (WTI) (K5) Intraday: bullish bias above 55.

Pivot: 55

Our preference: Long positions above 55 with targets @ 58 60 in extension.

Alternative scenario: Below 55 look for further downside with 53.6 51.45 as targets.

Comment: A support base at 55 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

61.2

60

58

56.34 Last

55

53.6

51.45

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