Crude Oil (WTI) (J4) Intraday: choppy.
Pivot:
78.70
Our preference:
Short positions below 78.70 with targets at 77.35 & 76.80 in extension.
Alternative scenario:
Above 78.70 look for further upside with 79.35 & 80.00 as targets.
Comment:
As long as the resistance at 78.70 is not surpassed, the risk of the break below 77.35 remains high.