Crude Oil (WTI) (G5) Intraday: consolidation in place.
Pivot:
70.15
Our preference:
Short positions below 70.15 with targets at 69.30 & 68.90 in extension.
Alternative scenario:
Above 70.15 look for further upside with 70.75 & 71.30 as targets.
Comment:
As long as the resistance at 70.15 is not surpassed, the risk of the break below 69.30 remains high.