Tanalys

Crude Oil (WTI) (N5) Intraday: key resistance at 60.41.

Pivot: 60.41

Our preference: Short positions below 60.41 with targets @ 58.9 58.5 in extension.

Alternative scenario: Above 60.41 look for further upside with 61.4 61.8 as targets.

Comment: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

61.8

61.4

60.41

59.91 Last

58.9

58.5

58.23

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