Crude Oil (WTI) (Q4) Intraday: intraday support around 80.00.
Pivot:
80.00
Our preference:
Long positions above 80.00 with targets at 81.15 & 81.50 in extension.
Alternative scenario:
Below 80.00 look for further downside with 79.30 & 78.70 as targets.
Comment:
The immediate trend remains up but the momentum is weak.