Crude Oil (WTI) (M5) Intraday: key resistance at 61.55.
Pivot:
61.55
Our preference:
Short positions below 61.55 with targets at 60.15 & 59.00 in extension.
Alternative scenario:
Above 61.55 look for further upside with 62.50 & 63.50 as targets.
Comment:
As long as the resistance at 61.55 is not surpassed, the risk of the break below 60.15 remains high.