Tanalys

Crude Oil (WTI) (M5) Intraday: caution.

Pivot: 56.5

Our preference: Long positions above 56.5 with targets @ 57.9 58.4 in extension.

Alternative scenario: Below 56.5 look for further downside with 55.75 54.6 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

Supports and resistances:

59.2

58.4

57.9

56.7 Last

56.5

55.75

54.6

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