Crude Oil (WTI) (X4) Intraday: key resistance at 75.50.
Pivot:
75.50
Our preference:
Short positions below 75.50 with targets at 72.40 & 71.00 in extension.
Alternative scenario:
Above 75.50 look for further upside with 76.40 & 77.20 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 75.50.