Oil Market Analysis
Crude Oil (NYMEX) (F5) Intraday: capped by a negative trend line.
Most Likely Scenario: Short positions below 58 with targets @ 53.5 & 52 in extension.
Alternative scenario: Above 58 look for further upside with 59.6 & 61.1 as targets.
Comment: As long as 58 is resistance, likely decline to 53.5.