Crude Oil (WTI) (N4) Intraday: the bias remains bullish.
Pivot:
78.05
Our preference:
Long positions above 78.05 with targets at 79.05 & 79.35 in extension.
Alternative scenario:
Below 78.05 look for further downside with 77.70 & 77.25 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.