Crude Oil (WTI) (Z4) Intraday: the bias remains bullish.
Pivot:
67.90
Our preference:
Long positions above 67.90 with targets at 69.40 & 69.80 in extension.
Alternative scenario:
Below 67.90 look for further downside with 67.45 & 67.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.