Tanalys

Crude Oil (WTI) (N5) Intraday: capped by a negative trend line.

Pivot: 58.9

Our preference: Short positions below 58.9 with targets @ 57.2 57 in extension.

Alternative scenario: Above 58.9 look for further upside with 59.7 60.25 as targets.

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

Supports and resistances:

60.25

59.7

58.9

57.99 Last

57.2

57

55.9

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