• Crude Oil (WTI) (J6) Intraday: bullish bias above 37.20.


      Crude Oil (WTI) (J6) Intraday: bullish bias above 37.20.


      Pivot: 37.20

    Most Likely Scenario: long positions above 37.20 with targets @ 39.35 & 40.40 in extension.

    Alternative scenario: below 37.20 look for further downside with 36.55 & 36.05 as targets.

    Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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