Tanalys

Crude Oil (WTI) (M5) Intraday: key resistance at 59.7.

Pivot: 59.7

Our preference: Short positions below 59.7 with targets @ 58.15 57.3 in extension.

Alternative scenario: Above 59.7 look for further upside with 60.5 61.3 as targets.

Comment: As long as 59.7 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

61.3

60.5

59.7

59.43 Last

58.15

57.3

56.55

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