Crude Oil (WTI) (M4) Intraday: bullish bias above 82.40.
Pivot:
82.40
Our preference:
Long positions above 82.40 with targets at 83.25 & 83.70 in extension.
Alternative scenario:
Below 82.40 look for further downside with 81.90 & 81.50 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.