Crude Oil (WTI) (M5) Intraday: under pressure.

Pivot: 60.60

Our preference: short positions below 60.60 with targets at 59.00 & 58.30 in extension.

Alternative scenario: above 60.60 look for further upside with 61.50 & 62.40 as targets.

Comment: the RSI is bearish and calls for further downside.

Supports and resistances:

62.40

61.50

60.60

59.58 Last

59.00

58.30

56.80