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

Pivot: 60.35

Our preference: short positions below 60.35 with targets at 59.00 & 58.30 in extension.

Alternative scenario: above 60.35 look for further upside with 61.00 & 61.50 as targets.

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

Supports and resistances:

61.50

61.00

60.35

59.73 Last

59.00

58.30

56.80