Crude Oil (WTI) (F4) Intraday: the bias remains bullish.
Pivot:
77.25
Our preference:
Long positions above 77.25 with targets at 78.45 & 79.00 in extension.
Alternative scenario:
Below 77.25 look for further downside with 76.30 & 75.40 as targets.
Comment:
Investors have to remain cautious since these levels may trigger profit taking.