Crude Oil (WTI) (M5) Intraday: under pressure.
Pivot:
58.80
Our preference:
Short positions below 58.80 with targets at 57.60 & 56.50 in extension.
Alternative scenario:
Above 58.80 look for further upside with 59.70 & 60.25 as targets.
Comment:
A break below 57.60 would trigger a drop towards 56.50.