Crude Oil (WTI) (V3) Intraday: key resistance at 79.40.
Pivot:
79.40
Our preference:
Short positions below 79.40 with targets at 78.20 & 77.60 in extension.
Alternative scenario:
Above 79.40 look for further upside with 79.90 & 80.40 as targets.
Comment:
As long as the resistance at 79.40 is not surpassed, the risk of the break below 78.20 remains high.