Crude Oil (WTI) (Q5) Intraday: rebound.

Pivot: 64.70

Our preference: long positions above 64.70 with targets at 65.70 & 66.10 in extension.

Alternative scenario: below 64.70 look for further downside with 64.30 & 64.00 as targets.

Comment: a support base at 64.70 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

66.40

66.10

65.70

65.18 Last

64.70

64.30

64.00