Crude Oil (WTI) (G4) Intraday: key resistance at 72.55.
Pivot:
72.55
Our preference:
Short positions below 72.55 with targets at 71.20 & 70.45 in extension.
Alternative scenario:
Above 72.55 look for further upside with 73.70 & 74.30 as targets.
Comment:
As long as the resistance at 72.55 is not surpassed, the risk of the break below 71.20 remains high.