Crude Oil (WTI) (M5) Intraday: the downside prevails.

Pivot: 60.80

Our preference: short positions below 60.80 with targets at 59.00 & 58.30 in extension.

Alternative scenario: above 60.80 look for further upside with 61.50 & 62.40 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:

62.40

61.50

60.80

59.66 Last

59.00

58.30

56.80