Tanalys

Crude Oil (WTI) (M5) Intraday: watch 58.3.

Pivot: 59.7

Our preference: Short positions below 59.7 with targets @ 58.3 56.55 in extension.

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

Comment: As long as the resistance at 59.7 is not surpassed, the risk of the break below 58.3 remains high.

Supports and resistances:

61.3

60.5

59.7

59.12 Last

58.3

56.55

56

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