Crude Oil (WTI) (U3) Intraday: bullish bias above 78.80.
Pivot:
78.80
Our preference:
Long positions above 78.80 with targets at 79.90 & 80.50 in extension.
Alternative scenario:
Below 78.80 look for further downside with 78.30 & 77.80 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.