Crude Oil (WTI) (G6) Intraday: key resistance at 56.45.

Pivot: 56.45

Our preference: short positions below 56.45 with targets at 55.50 & 54.95 in extension.

Alternative scenario: above 56.45 look for further upside with 56.85 & 57.20 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

57.20

56.85

56.45

56.23 Last

55.50

54.95

54.60