Pivot (invalidation): 61.80
Our preference Short positions below 61.80 with targets at 61.20 & 60.90 in extension.
Alternative scenario Above 61.80 look for further upside with 62.25 & 62.50 as targets.
Comment As Long as 61.80 is resistance, look for choppy price action with a bearish bias. Crude Oil is capped by a declining trend line drawn from May 10.