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Crude Oil (WTI) (G4) Intraday: key resistance at 71.25.
Pivot:
71.25
Our preference:
Short positions below 71.25 with targets at 69.55 & 69.00 in extension.
Alternative scenario:
Above 71.25 look for further upside with 71.70 & 72.20 as targets.
Comment:
As long as 71.25 is resistance, likely decline to 69.55.
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