Crude Oil (WTI) (N5) Intraday: bullish bias above 62.25.
Pivot:
62.25
Our preference:
Long positions above 62.25 with targets at 63.65 & 64.20 in extension.
Alternative scenario:
Below 62.25 look for further downside with 61.70 & 61.10 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.