Crude Oil (WTI) (H3) Intraday: bullish bias above 81.00.
Pivot:
81.00
Our preference:
Long positions above 81.00 with targets at 82.10 & 82.60 in extension.
Alternative scenario:
Below 81.00 look for further downside with 80.50 & 79.90 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.