Crude Oil (WTI) (N4) Intraday: choppy.
Pivot:
79.50
Our preference:
Short positions below 79.50 with targets at 78.85 & 78.55 in extension.
Alternative scenario:
Above 79.50 look for further upside with 79.75 & 79.95 as targets.
Comment:
As long as 79.50 is resistance, look for choppy price action with a bearish bias.