Crude Oil (WTI) (K5) Intraday: target 56.40.
Pivot:
59.20
Our preference:
Short positions below 59.20 with targets at 56.40 & 55.50 in extension.
Alternative scenario:
Above 59.20 look for further upside with 60.35 & 61.70 as targets.
Comment:
The RSI has broken down its 30 level.