Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
72.80
Our preference:
Short positions below 72.80 with targets at 71.00 & 70.00 in extension.
Alternative scenario:
Above 72.80 look for further upside with 73.90 & 74.55 as targets.
Comment:
The RSI has broken down its 30 level.