Crude Oil (WTI) (X5) Intraday: bullish bias above 63.65.

Pivot: 63.65

Our preference: long positions above 63.65 with targets at 64.35 & 64.70 in extension.

Alternative scenario: below 63.65 look for further downside with 63.20 & 62.70 as targets.

Comment: a support base at 63.65 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

65.05

64.70

64.35

63.79 Last

63.65

63.20

62.70