Crude Oil (WTI) (F5) Intraday: bullish bias above 67.75.
Pivot:
67.75
Our preference:
Long positions above 67.75 with targets at 68.60 & 68.85 in extension.
Alternative scenario:
Below 67.75 look for further downside with 67.40 & 67.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.