Crude Oil (WTI) (H3) Intraday: bullish bias above 80.60.
Pivot:
80.60
Our preference:
Long positions above 80.60 with targets at 81.90 & 82.60 in extension.
Alternative scenario:
Below 80.60 look for further downside with 79.90 & 79.10 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.