Tanalys

Crude Oil (WTI) (M5) Intraday: bullish bias above 59.7.

Pivot: 59.7

Our preference: Long positions above 59.7 with targets @ 60.85 61.5 in extension.

Alternative scenario: Below 59.7 look for further downside with 59.2 58.4 as targets.

Comment: The RSI is mixed with a bullish bias.

Supports and resistances:

61.85

61.5

60.85

60.28 Last

59.7

59.2

58.4

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