Tanalys

Crude Oil (WTI) (N5) Intraday: key resistance at 59.8.

Pivot: 59.8

Our preference: Short positions below 59.8 with targets @ 58.85 58.23 in extension.

Alternative scenario: Above 59.8 look for further upside with 60.5 60.9 as targets.

Comment: As long as 59.8 is resistance, likely decline to 58.85.

Supports and resistances:

60.9

60.5

59.8

59.59 Last

58.85

58.23

57.85

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