Tanalys

Crude Oil (WTI) (M5) Intraday: capped by a negative trend line.

Pivot: 57.5

Our preference: Short positions below 57.5 with targets @ 56.5 55.75 in extension.

Alternative scenario: Above 57.5 look for further upside with 58 58.4 as targets.

Comment: As long as 57.5 is resistance, likely decline to 56.5.

Supports and resistances:

58.4

58

57.5

57.06 Last

56.5

55.75

54.6

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