Crude Oil (WTI) (V4) Intraday: key resistance at 69.20.
Pivot:
69.20
Our preference:
Short positions below 69.20 with targets at 67.20 & 66.50 in extension.
Alternative scenario:
Above 69.20 look for further upside with 70.10 & 70.80 as targets.
Comment:
As long as the resistance at 69.20 is not surpassed, the risk of the break below 67.20 remains high.