Crude Oil (WTI) (H3) Intraday: consolidation in place.
Pivot:
78.20
Our preference:
Short positions below 78.20 with targets at 77.15 & 76.50 in extension.
Alternative scenario:
Above 78.20 look for further upside with 78.80 & 79.60 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.