Crude Oil (WTI) (Z5) Intraday: further advance.

Pivot: 59.20

Our preference: long positions above 59.20 with targets at 60.65 & 61.25 in extension.

Alternative scenario: below 59.20 look for further downside with 58.55 & 58.10 as targets.

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

Supports and resistances:

61.50

61.25

60.65

59.86 Last

59.20

58.55

58.10