Crude Oil (WTI) (Q3) Intraday: key resistance at 70.70.
Pivot:
70.70
Our preference:
Short positions below 70.70 with targets at 69.70 & 69.10 in extension.
Alternative scenario:
Above 70.70 look for further upside with 71.25 & 71.75 as targets.
Comment:
As long as the resistance at 70.70 is not surpassed, the risk of the break below 69.70 remains high.