Crude Oil (WTI) (F5) Intraday: the bias remains bullish.
Pivot:
68.35
Our preference:
Long positions above 68.35 with targets at 69.70 & 70.25 in extension.
Alternative scenario:
Below 68.35 look for further downside with 67.85 & 67.25 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.