Crude Oil (WTI) (Q5) Intraday: consolidation in place.
Pivot:
76.80
Our preference:
Short positions below 76.80 with targets at 74.30 & 73.10 in extension.
Alternative scenario:
Above 76.80 look for further upside with 78.35 & 79.50 as targets.
Comment:
The RSI has struck against a major resistance around 70% and is reversing down.