Tanalys

Crude Oil (WTI) (M5) Intraday: bullish bias above 60.2.

Pivot: 60.2

Our preference: Long positions above 60.2 with targets @ 61.5 62.1 in extension.

Alternative scenario: Below 60.2 look for further downside with 59.7 59.1 as targets.

Comment: A support base at 60.2 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

62.6

62.1

61.5

60.88 Last

60.2

59.7

59.1

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