Crude Oil (WTI) (J3) Intraday: the downside prevails.
Pivot:
79.00
Our preference:
Short positions below 79.00 with targets at 77.50 & 76.80 in extension.
Alternative scenario:
Above 79.00 look for further upside with 79.40 & 79.80 as targets.
Comment:
The RSI calls for a new downleg.