Tanalys

Crude Oil (WTI) (M5) Intraday: bullish bias above 58.3.

Pivot: 58.3

Our preference: Long positions above 58.3 with targets @ 59.4 60 in extension.

Alternative scenario: Below 58.3 look for further downside with 57.85 57.2 as targets.

Comment: The RSI is well directed.

Supports and resistances:

60.5

60

59.4

58.7 Last

58.3

57.85

57.2

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