Tanalys

Crude Oil (WTI) (Q5) Intraday: bullish bias above 60.5.

Pivot: 60.5

Our preference: Long positions above 60.5 with targets @ 61.55 61.8 in extension.

Alternative scenario: Below 60.5 look for further downside with 59.6 59.3 as targets.

Comment: The break above 60.5 is a positive signal that has opened a path to 61.55.

Supports and resistances:

62.2

61.8

61.55

60.9 Last

60.5

59.6

59.3

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