Crude Oil (WTI) (X4) Intraday: key resistance at 71.30.
Pivot:
71.30
Our preference:
Short positions below 71.30 with targets at 69.70 & 69.00 in extension.
Alternative scenario:
Above 71.30 look for further upside with 72.10 & 73.40 as targets.
Comment:
As long as 71.30 is resistance, look for choppy price action with a bearish bias.