Crude Oil (WTI) (F19) Intraday: the bias remains bullish.
Pivot: 51.00

Most likely scenario: long positions above 51.00 with targets at 52.25 & 52.80 in extension.

Alternative scenario: below 51.00 look for further downside with 50.10 & 49.40 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. The downside potential should be limited by the key support level at 51.00.

Leave a Reply