Crude Oil (WTI) (J3) Intraday: under pressure.
Pivot:
77.30
Our preference:
Short positions below 77.30 with targets at 75.80 & 75.00 in extension.
Alternative scenario:
Above 77.30 look for further upside with 77.90 & 78.50 as targets.
Comment:
The RSI is bearish and calls for further decline.