Crude Oil (WTI) (G19) Intraday: bullish bias above 48.40.

Crude Oil (WTI) (G19) Intraday: bullish bias above 48.40.
Pivot: 48.40

Most likely scenario: long positions above 48.40 with targets at 49.80 & 50.25 in extension.

Alternative scenario: below 48.40 look for further downside with 47.45 & 46.65 as targets.

Comment: a support base at 48.40 has formed and has allowed for a temporary stabilisation.

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