Tanalys

Crude Oil (WTI) (Q5) Intraday: continuation of the rebound.

Pivot: 52.1

Our preference: Long positions above 52.1 with targets @ 54.7 55.35 in extension.

Alternative scenario: Below 52.1 look for further downside with 51.4 50.55 as targets.

Comment: The break above 52.1 is a positive signal that has opened a path to 54.7.

Supports and resistances:

56.4

55.35

54.7

52.98 Last

52.1

51.4

50.55

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