Crude Oil (WTI) (M5) Intraday: the bias remains bullish.
Pivot:
56.45
Our preference:
Long positions above 56.45 with targets at 57.65 & 58.35 in extension.
Alternative scenario:
Below 56.45 look for further downside with 55.85 & 55.30 as targets.
Comment:
The RSI calls for a rebound.