Crude Oil (WTI) (N4) Intraday: under pressure.
Pivot:
78.45
Our preference:
Short positions below 78.45 with targets at 77.25 & 76.90 in extension.
Alternative scenario:
Above 78.45 look for further upside with 78.90 & 79.30 as targets.
Comment:
As long as 78.45 is resistance, expect a return to 77.25.