(07 AUGUST 2018)Crude Oil (WTI):The bias remains bullish.

Pivot (invalidation): 68.60

Our preference

Long positions above 68.60 with targets at 69.30 & 69.90 in extension.

Alternative scenario

Below 68.60 look for further downside with 68.25 & 67.75 as targets.

Comment

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

limited.

(By Swissquote TRADING CENTRAL)