Crude Oil (WTI) (X4) Intraday: under pressure.
Pivot:
70.00
Our preference:
Short positions below 70.00 with targets at 68.50 & 67.75 in extension.
Alternative scenario:
Above 70.00 look for further upside with 70.65 & 71.20 as targets.
Comment:
As long as 70.00 is resistance, look for choppy price action with a bearish bias.