Crude Oil (WTI) (Z5) Intraday: target 56.15.

Pivot: 57.40

Our preference: short positions below 57.40 with targets at 56.15 & 55.55 in extension.

Alternative scenario: above 57.40 look for further upside with 57.80 & 58.20 as targets.

Comment: as long as 57.40 is resistance, likely decline to 56.15.

Supports and resistances:

58.20

57.80

57.40

56.72 Last

56.15

55.55

55.00