Crude Oil (WTI) (Q5) Intraday: further upside.

Pivot: 67.15

Our preference: long positions above 67.15 with targets at 68.30 & 68.80 in extension.

Alternative scenario: below 67.15 look for further downside with 66.60 & 66.10 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

Supports and resistances:

69.60

68.80

68.30

67.46 Last

67.15

66.60

66.10