Market Analysis of Crude Oil on Friday 30 May 2025

Crude Oil (WTI)‎ (N5)‎ Intraday: the downside prevails.

Pivot:

61.50

Our preference:

Short positions below 61.50 with targets at 60.45 & 60.00 in extension.

Alternative scenario:

Above 61.50 look for further upside with 62.00 & 62.50 as targets.

Comment:

The break below 61.50 is a negative signal that has opened a path to 60.45.