Crude Oil (WTI) (N5) Intraday: the downside prevails.

Pivot: 61.90

Our preference: short positions below 61.90 with targets at 60.80 & 60.10 in extension.

Alternative scenario: above 61.90 look for further upside with 62.35 & 62.70 as targets.

Comment: as long as the resistance at 61.90 is not surpassed, the risk of the break below 60.80 remains high.

Supports and resistances:

62.70

62.35

61.90

61.54 Last

60.80

60.10

59.50