Crude Oil (WTI) (J3) Intraday: rebound expected.
Pivot:
74.80
Our preference:
Long positions above 74.80 with targets at 76.20 & 76.80 in extension.
Alternative scenario:
Below 74.80 look for further downside with 74.30 & 73.80 as targets.
Comment:
The RSI is bullish and calls for further upside.