Crude Oil (WTI) (J4) Intraday: key resistance at 78.75.
Pivot:
78.75
Our preference:
Short positions below 78.75 with targets at 77.00 & 76.40 in extension.
Alternative scenario:
Above 78.75 look for further upside with 79.35 & 80.00 as targets.
Comment:
The RSI is below its neutrality area at 50%