Crude Oil (WTI) (X5) ST: under pressure.

Pivot: 63.00

Our preference: short positions below 63.00 with targets at 57.60 & 55.00 in extension.

Alternative scenario: above 63.00 look for further upside with 66.40 & 70.40 as targets.

Comment: a break below 57.60 would trigger a drop towards 55.00.

Supports and resistances:

70.40 ***

66.40 ***

63.00 ***

58.62 Last

57.60 ***

55.00 ***

52.50 **