Crude Oil (WTI) (M5) Intraday: bullish bias above 58.20.
Pivot:
58.20
Our preference:
Long positions above 58.20 with targets at 60.60 & 61.60 in extension.
Alternative scenario:
Below 58.20 look for further downside with 57.50 & 56.60 as targets.
Comment:
The RSI is bullish and calls for further advance.