Crude Oil (WTI) (X5) Intraday: bullish bias above 58.85.

Pivot: 58.85

Our preference: long positions above 58.85 with targets at 60.40 & 61.25 in extension.

Alternative scenario: below 58.85 look for further downside with 58.20 & 57.60 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:

61.90

61.25

60.40

59.94 Last

58.85

58.20

57.60