Crude Oil (WTI) (X5) Intraday: caution.

Pivot: 59.05

Our preference: short positions below 59.05 with targets at 58.20 & 57.70 in extension.

Alternative scenario: above 59.05 look for further upside with 59.45 & 59.80 as targets.

Comment: intraday technical indicators are mixed and call for caution.

Supports and resistances:

59.80

59.45

59.05

58.64 Last

58.20

57.70

57.50