Tanalys

Crude Oil (WTI) (M5) Intraday: bullish bias above 59.5.

Pivot: 59.5

Our preference: Long positions above 59.5 with targets @ 61.5 62.45 in extension.

Alternative scenario: Below 59.5 look for further downside with 58.7 58.3 as targets.

Comment: The break above 59.5 is a positive signal that has opened a path to 61.5.

Supports and resistances:

63.6

62.45

61.5

60.85 Last

59.5

58.7

58.3

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