Crude Oil (WTI) (U3) Intraday: consolidation in place.
Pivot:
80.20
Our preference:
Short positions below 80.20 with targets at 79.30 & 79.00 in extension.
Alternative scenario:
Above 80.20 look for further upside with 80.60 & 81.20 as targets.
Comment:
As long as 80.20 is resistance, expect a return to 79.30.