Tanalys

Crude Oil (WTI) (M5) Intraday: consolidation in place.

Pivot: 59.9

Our preference: Short positions below 59.9 with targets @ 58.15 57.87 in extension.

Alternative scenario: Above 59.9 look for further upside with 60.85 61.85 as targets.

Comment: The RSI is capped by a declining trend line.

Supports and resistances:

61.85

60.85

59.9

59.03 Last

58.15

57.87

56.55

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