Crude Oil (WTI)‎ (U4)‎ Intraday: key resistance at 78.00.

Pivot:

78.00

Our preference:

Short positions below 78.00 with targets at 76.80 & 76.40 in extension.

Alternative scenario:

Above 78.00 look for further upside with 78.60 & 79.05 as targets.

Comment:

As long as the resistance at 78.00 is not surpassed, the risk of the break below 76.80 remains high.