Tanalys

Crude Oil (WTI) (M5) Intraday: the downside prevails.

Pivot: 61.3

Our preference: Short positions below 61.3 with targets @ 59.1 58.4 in extension.

Alternative scenario: Above 61.3 look for further upside with 62.1 62.6 as targets.

Comment: The RSI is bearish and calls for further downside.

Supports and resistances:

62.6

62.1

61.3

59.6 Last

59.1

58.4

56.55

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