Crude Oil (WTI) (G3) Intraday: watch 78.60.
Pivot:
80.50
Our preference:
Short positions below 80.50 with targets at 79.20 & 78.60 in extension.
Alternative scenario:
Above 80.50 look for further upside with 81.10 & 81.80 as targets.
Comment:
As long as the resistance at 80.50 is not surpassed, the risk of the break below 79.20 remains high.