CRUDE OIL (WTI) (F8) INTRADAY: LIMITED UPSIDE
Our preference: long positions above 57.05 with targets at 58.00 & 58.40 in extension.
Alternative scenario: below 57.05 look for further downside with 56.75 & 56.40 as targets.
Comment: the RSI is mixed with a bullish bias. A support base at 57.05 has formed, which should limit any downside room, and call for a new rebound.