Crude Oil (WTI) (J4) Intraday: consolidation in place.
Pivot:
80.75
Our preference:
Short positions below 80.75 with targets at 79.30 & 78.60 in extension.
Alternative scenario:
Above 80.75 look for further upside with 81.50 & 82.00 as targets.
Comment:
As long as 80.75 is resistance, look for choppy price action with a bearish bias.