Tanalys

Crude Oil (WTI) (M5) Intraday: continuation of the rebound.

Pivot: 55.75

Our preference: Long positions above 55.75 with targets @ 58 58.8 in extension.

Alternative scenario: Below 55.75 look for further downside with 54.6 53.8 as targets.

Comment: The immediate trend remains up and the momentum is strong.

Supports and resistances:

60.25

58.8

58

57.72 Last

55.75

54.6

53.8

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