Tanalys

Crude Oil (WTI) (M5) Intraday: under pressure.

Pivot: 57.2

Our preference: Short positions below 57.2 with targets @ 55.3 54.6 in extension.

Alternative scenario: Above 57.2 look for further upside with 58 58.8 as targets.

Comment: As long as 57.2 is resistance, likely decline to 55.3.

Supports and resistances:

58.8

58

57.2

56.05 Last

55.3

54.6

53.8

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