(05 JULY 2018)Crude Oil (WTI):Bullish bias above 73.50.

Bullish bias above 73.50. 

(By Swissquote TRADING CENTRAL) 

Pivot (invalidation): 73.50

Our preference

Long positions above 73.50 with targets at 74.25 & 74.75 in extension.

Alternative scenario

Below 73.50 look for further downside with 73.10 & 72.70 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be

limited.