Crude Oil (WTI) (M3) Intraday: intraday support around 77.30.
Pivot:
77.30
Our preference:
Long positions above 77.30 with targets at 78.20 & 78.60 in extension.
Alternative scenario:
Below 77.30 look for further downside with 76.70 & 76.30 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.