Crude Oil (WTI) (M4) Intraday: under pressure.
Pivot:
79.90
Our preference:
Short positions below 79.90 with targets at 78.40 & 77.80 in extension.
Alternative scenario:
Above 79.90 look for further upside with 80.55 & 81.25 as targets.
Comment:
The immediate trend remains down but the momentum is weak.