Crude Oil (WTI) (M5) Intraday: towards 58.60.
Pivot:
61.30
Our preference:
Short positions below 61.30 with targets at 59.70 & 58.60 in extension.
Alternative scenario:
Above 61.30 look for further upside with 62.00 & 62.60 as targets.
Comment:
The RSI is bearish and calls for further decline.