Crude Oil (WTI) (M5) Intraday: the downside prevails.
Pivot:
59.50
Our preference:
Short positions below 59.50 with targets at 57.50 & 56.80 in extension.
Alternative scenario:
Above 59.50 look for further upside with 60.15 & 60.80 as targets.
Comment:
The RSI advocates for further downside.