WTI Intraday: continuation of the rebound.
long positions above 68.85 with targets at 70.90 & 71.60 in extension.
Pivot: 68.85
Our preference: long positions above 68.85 with targets at 70.90 & 71.60 in extension.
Alternative scenario: below 68.85 look for further downside with 68.50 & 68.20 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
72.00
71.60
70.90
70.28 Last
68.85
68.50
68.20
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