Crude Oil (WTI) (V5) Intraday: further advance.

Pivot: 62.60

Our preference: long positions above 62.60 with targets at 63.70 & 64.25 in extension.

Alternative scenario: below 62.60 look for further downside with 62.05 & 61.45 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances:

64.80

64.25

63.70

63.18 Last

62.60

62.05

61.45