Crude Oil (WTI) (M3) Intraday: bullish bias above 75.40.
Pivot:
75.40
Our preference:
Long positions above 75.40 with targets at 77.20 & 77.80 in extension.
Alternative scenario:
Below 75.40 look for further downside with 74.60 & 73.90 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.