Crude Oil (WTI) (J3) Intraday: the bias remains bullish.
Pivot:
78.30
Our preference:
Long positions above 78.30 with targets at 80.30 & 81.00 in extension.
Alternative scenario:
Below 78.30 look for further downside with 77.40 & 76.50 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.