Crude Oil (WTI) (U5) ST: 60.00 in sight.

Pivot: 78.50

Our preference: short positions below 78.50 with targets at 60.00 & 55.50 in extension.

Alternative scenario: above 78.50 look for further upside with 84.00 & 87.50 as targets.

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

87.50 ***

84.00 ***

78.50 ***

63.85 Last

60.00 ***

55.50 ***

52.00 **