Tanalys

Crude Oil (WTI) (M5) Intraday: bullish bias above 60.

Pivot: 60

Our preference: Long positions above 60 with targets @ 62.1 62.6 in extension.

Alternative scenario: Below 60 look for further downside with 59.1 58.15 as targets.

Comment: The RSI is supported by a bullish trend line.

Supports and resistances:

63

62.6

62.1

61.3 Last

60

59.1

58.15

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