Crude Oil (WTI) (M3) Intraday: under pressure.
Pivot:
70.85
Our preference:
Short positions below 70.85 with targets at 69.70 & 69.00 in extension.
Alternative scenario:
Above 70.85 look for further upside with 71.70 & 72.45 as targets.
Comment:
The RSI calls for a new downleg.