Crude Oil (WTI) (M5) Intraday: expect 62.60.

Pivot: 60.50

Our preference: long positions above 60.50 with targets at 62.05 & 62.60 in extension.

Alternative scenario: below 60.50 look for further downside with 59.90 & 59.20 as targets.

Comment: the RSI shows upside momentum.

Supports and resistances:

63.20

62.60

62.05

61.41 Last

60.50

59.90

59.20