Crude Oil (WTI) (H6) Intraday: intraday support around 58.55.

Pivot: 58.55

Our preference: long positions above 58.55 with targets at 59.60 & 60.10 in extension.

Alternative scenario: below 58.55 look for further downside with 57.90 & 57.50 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

60.80

60.10

59.60

58.85 Last

58.55

57.90

57.50