Crude Oil (WTI) (N5) Intraday: rebound expected.
Pivot: 57.79
Our preference: Long positions above 57.79 with targets @ 59.25 & 60 in extension.
Alternative scenario: Below 57.79 look for further downside with 57.26 & 56.85 as targets.
Comment: A support base at 57.79 has formed and has allowed for a temporary stabilisation.
