Market Analysis of Crude Oil on Wednesday 30 April 2025

Crude Oil (WTI)‎ (M5)‎ Intraday: towards 58.60.

Pivot:

61.30

Our preference:

Short positions below 61.30 with targets at 59.70 & 58.60 in extension.

Alternative scenario:

Above 61.30 look for further upside with 62.00 & 62.60 as targets.

Comment:

The RSI is bearish and calls for further decline.