Crude Oil (WTI) (M3) Intraday: key resistance at 73.20.
Pivot:
73.20
Our preference:
Short positions below 73.20 with targets at 72.00 & 71.35 in extension.
Alternative scenario:
Above 73.20 look for further upside with 73.85 & 74.60 as targets.
Comment:
Intraday technical indicators are mixed and call for caution.