Crude Oil (WTI) (M3) Intraday: Choppy
Pivot:
69.70
Our preference:
Short positions below 69.70 with targets at 67.50 & 66.30 in extension.
Alternative scenario:
Above 69.70 look for further upside with 70.90 & 71.80 as targets.
Comment:
As long as 69.70 is resistance, look for choppy price action with a bearish bias