Crude Oil (WTI) (M5) Intraday: under pressure.
Pivot:
57.70
Our preference:
Short positions below 57.70 with targets at 55.30 & 54.20 in extension.
Alternative scenario:
Above 57.70 look for further upside with 58.60 & 59.85 as targets.
Comment:
The RSI has broken down its 30 level.