Crude Oil (WTI) (M3) Intraday: key resistance at 72.05.
Pivot:
72.05
Our preference:
Short positions below 72.05 with targets at 70.80 & 70.20 in extension.
Alternative scenario:
Above 72.05 look for further upside with 72.75 & 73.35 as targets.
Comment:
As long as the resistance at 72.05 is not surpassed, the risk of the break below 70.80 remains high.