Tanalys

Crude Oil (WTI) (M5) Intraday: key resistance at 59.8.

Pivot: 59.8

Our preference: Short positions below 59.8 with targets @ 58.15 57.3 in extension.

Alternative scenario: Above 59.8 look for further upside with 60.5 61.3 as targets.

Comment: As long as the resistance at 59.8 is not surpassed, the risk of the break below 58.15 remains high.

Supports and resistances:

61.3

60.5

59.8

59.2 Last

58.15

57.3

56.55

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