Tanalys

Crude Oil (WTI) (M5) Intraday: key resistance at 60.85.

Pivot: 60.85

Our preference: Short positions below 60.85 with targets @ 59 58.4 in extension.

Alternative scenario: Above 60.85 look for further upside with 61.5 61.85 as targets.

Comment: As long as 60.85 is resistance, likely decline to 59.

Supports and resistances:

61.85

61.5

60.85

59.51 Last

59

58.4

57.8

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