Crude Oil (WTI) (M5) Intraday: key resistance at 63.20.

Pivot: 63.20

Our preference: short positions below 63.20 with targets at 61.55 & 61.00 in extension.

Alternative scenario: above 63.20 look for further upside with 64.00 & 64.85 as targets.

Comment: as long as 63.20 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

64.85

64.00

63.20

62.88 Last

61.55

61.00

60.00