Crude Oil (WTI) (M5) Intraday: towards 61.00.
Pivot:
62.65
Our preference:
Short positions below 62.65 with targets at 61.45 & 61.00 in extension.
Alternative scenario:
Above 62.65 look for further upside with 63.10 & 63.50 as targets.
Comment:
The RSI is bearish and calls for further downside.