• Crude Oil (WTI) (M6) Intraday: bullish bias above 47.50.

    Crude Oil (WTI) (M6) Intraday: bullish bias above 47.50.

     
      Pivot: 47.50

    Most Likely Scenario: long positions above 47.50 with targets @ 49.13 & 49.58 in extension.

    Alternative scenario: below 47.50 look for further downside with 47.00 & 46.45 as targets.

    Comment: a support base at 47.50 has formed and has allowed for a temporary stabilisation.

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