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

Pivot: 60.00

Our preference: short positions below 60.00 with targets at 57.75 & 56.40 in extension.

Alternative scenario: above 60.00 look for further upside with 61.00 & 61.60 as targets.

Comment: the RSI is below its neutrality area at 50%

Supports and resistances:

61.60

61.00

60.00

58.32 Last

57.75

56.40

54.70