Crude Oil (WTI) (Q5) Intraday: intraday support around 71.85.
Pivot:
71.85
Our preference:
Long positions above 71.85 with targets at 74.30 & 75.50 in extension.
Alternative scenario:
Below 71.85 look for further downside with 70.95 & 69.60 as targets.
Comment:
A support base at 71.85 has formed and has allowed for a temporary stabilisation.