Crude Oil (WTI) (M5) Intraday: bullish bias above 58.10.

Pivot: 58.10

Our preference: long positions above 58.10 with targets at 62.80 & 64.90 in extension.

Alternative scenario: below 58.10 look for further downside with 56.60 & 55.30 as targets.

Comment: the RSI is bullish and calls for further upside.

Supports and resistances:

66.00

64.90

62.80

61.17 Last

58.10

56.60

55.30