• Crude Oil (WTI) (K7) Intraday: rebound expected.

    Crude Oil (WTI) (K7) Intraday: rebound expected.

    Crude Oil

    Crude Oil (WTI) (K7) Intraday: rebound expected.

       

         
          Pivot: 47.80

    Most Likely Scenario: long positions above 47.80 with targets at 48.57 & 48.88 in extension.

    Alternative scenario: below 47.80 look for further downside with 47.45 & 47.00 as targets.

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

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