Crude Oil (WTI) (M3) Intraday: key resistance at 69.00.
Pivot:
69.00
Our preference:
Short positions below 69.00 with targets at 65.80 & 64.60 in extension.
Alternative scenario:
Above 69.00 look for further upside with 70.40 & 71.80 as targets.
Comment:
The RSI shows downside momentum.