Tanalys

Crude Oil (WTI) (M5) Intraday: key resistance at 58.

Pivot: 58

Our preference: Short positions below 58 with targets @ 56.5 55.75 in extension.

Alternative scenario: Above 58 look for further upside with 58.8 59.6 as targets.

Comment: As long as 58 is resistance, likely decline to 56.5.

Supports and resistances:

59.6

58.8

58

57.2 Last

56.5

55.75

54.6

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