Crude Oil (WTI) (G19) Intraday: the bias remains bullish.

Crude Oil (WTI) (G19) Intraday: the bias remains bullish.
Pivot: 51.10

Most likely scenario: long positions above 51.10 with targets at 52.55 & 53.80 in extension.

Alternative scenario: below 51.10 look for further downside with 50.20 & 49.50 as targets.

Comment: technically the RSI is above its neutrality area at 50. The crude oil is supported by a bullish trend line drawn from January 8.

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