Tanalys

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

Pivot: 62.6

Our preference: Short positions below 62.6 with targets @ 60.3 59.1 in extension.

Alternative scenario: Above 62.6 look for further upside with 63.1 63.6 as targets.

Comment: As long as the resistance at 62.6 is not surpassed, the risk of the break below 60.3 remains high.

Supports and resistances:

63.6

63.1

62.6

60.85 Last

60.3

59.1

58.3

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