Crude Oil (WTI) (Q3) Intraday: intraday support around 72.70.
Pivot:
72.70
Our preference:
Long positions above 72.70 with targets at 73.60 & 74.10 in extension.
Alternative scenario:
Below 72.70 look for further downside with 72.25 & 71.45 as targets.
Comment:
A support base at 72.70 has formed and has allowed for a temporary stabilisation.