Tanalys

Crude Oil (WTI) (M5) Intraday: bullish bias above 56.6.

Pivot: 56.6

Our preference: Long positions above 56.6 with targets @ 58.8 59.6 in extension.

Alternative scenario: Below 56.6 look for further downside with 55.75 54.6 as targets.

Comment: The RSI lacks downward momentum.

Supports and resistances:

60.25

59.6

58.8

57.34 Last

56.6

55.75

54.6

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