Crude Oil (WTI) (J3) Intraday: bullish bias above 76.00.
Pivot:
76.00
Our preference:
Long positions above 76.00 with targets at 77.30 & 77.80 in extension.
Alternative scenario:
Below 76.00 look for further downside with 75.50 & 75.00 as targets.
Comment:
Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
