WTI H4: The Pivot Points levels for the American Session on 5.11.2025

Pivot Points levels for WTI in the Asian session:
PP: 60.26;
S1: 59.70; S2: 59.21; S3: 58.65;
R1: 60.75; R2: 61.31; R3: 61.80.

Currently the Pivot Points value is at 60.26. A market opening below this figure will send a signal that negative sentiment is prevailing. In this regard, it is worth focusing on finding entry points for opening short positions.
Trading recommendations:
The support levels, marked green on the chart, are at the S1 59.70, S2 59.21, and S3 58.65 levels.
The resistance levels are marked with red and are located at R1 60.75, R2 61.31 and R3 61.80.
The entry points should be considered at the PP level and when the price rolls back to the area of the resistance levels marked with red. The transaction closes when the price reaches the S1, S2, S3 levels.