Crude Oil (WTI) (F5) Intraday: bullish bias above 68.10.
Pivot:
68.10
Our preference:
Long positions above 68.10 with targets at 68.75 & 69.05 in extension.
Alternative scenario:
Below 68.10 look for further downside with 67.80 & 67.40 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.