Crude Oil (WTI) (M5) Intraday: bullish bias above 57.75.
Pivot:
57.75
Our preference:
Long positions above 57.75 with targets at 59.60 & 60.50 in extension.
Alternative scenario:
Below 57.75 look for further downside with 57.10 & 56.40 as targets.
Comment:
The RSI calls for a bounce.