Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
79.90
Our preference:
Short positions below 79.90 with targets at 78.00 & 77.30 in extension.
Alternative scenario:
Above 79.90 look for further upside with 80.50 & 81.20 as targets.
Comment:
The RSI is bearish and calls for further decline.