WTI Intraday: bullish bias above 69.50.
long positions above 69.50 with targets at 70.80 & 71.30 in extension.
Pivot: 69.50
Our preference: long positions above 69.50 with targets at 70.80 & 71.30 in extension.
Alternative scenario: below 69.50 look for further downside with 68.90 & 68.40 as targets.
Comment: the next resistances are at 70.80 and then at 71.30.
Supports and resistances:
72.00
71.30
70.80
70.16 Last
69.50
68.90
68.40
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