Crude Oil (WTI) (M5) Intraday: bullish bias above 62.15.
Pivot:
62.15
Our preference:
Long positions above 62.15 with targets at 63.30 & 63.90 in extension.
Alternative scenario:
Below 62.15 look for further downside with 61.55 & 61.00 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.