Crude Oil (WTI) (U4) Intraday: key resistance at 78.75.
Pivot:
78.75
Our preference:
Short positions below 78.75 with targets at 77.55 & 77.00 in extension.
Alternative scenario:
Above 78.75 look for further upside with 79.10 & 79.75 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.