Crude Oil (WTI) (V3) Intraday: the bias remains bullish.
Pivot:
79.95
Our preference:
Long positions above 79.95 with targets at 81.00 & 81.45 in extension.
Alternative scenario:
Below 79.95 look for further downside with 79.50 & 79.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.