Crude Oil (WTI) (J4) Intraday: key resistance at 77.65.
Pivot:
77.65
Our preference:
Short positions below 77.65 with targets at 76.80 & 76.40 in extension.
Alternative scenario:
Above 77.65 look for further upside with 78.05 & 78.55 as targets.
Comment:
As long as the resistance at 77.65 is not surpassed, the risk of the break below 76.80 remains high.