Crude Oil (WTI) (Q3) Intraday: bullish bias above 76.55.
Pivot:
76.55
Our preference:
Long positions above 76.55 with targets at 77.75 & 78.50 in extension.
Alternative scenario:
Below 76.55 look for further downside with 76.00 & 75.30 as targets.
Comment:
The break above the resistance at 76.55 triggered an upward acceleration to 77.75.