Crude Oil (WTI) (F5) Intraday: key resistance at 70.70.
Pivot:
70.70
Our preference:
Short positions below 70.70 with targets at 69.15 & 68.70 in extension.
Alternative scenario:
Above 70.70 look for further upside with 71.10 & 71.60 as targets.
Comment:
As long as 70.70 is resistance, look for choppy price action with a bearish bias.