Crude Oil (WTI) (G3) Intraday: key resistance at 79.20.
Pivot:
79.20
Our preference:
Short positions below 79.20 with targets at 77.10 & 76.50 in extension.
Alternative scenario:
Above 79.20 look for further upside with 79.90 & 80.70 as targets.
Comment:
As long as the resistance at 79.20 is not surpassed, the risk of the break below 77.10 remains high.