Crude Oil (WTI) (H5) Intraday: consolidation in place.
Pivot:
77.60
Our preference:
Short positions below 77.60 with targets at 76.20 & 75.60 in extension.
Alternative scenario:
Above 77.60 look for further upside with 78.30 & 79.10 as targets.
Comment:
As long as 77.60 is resistance, look for choppy price action with a bearish bias.