Crude Oil (WTI) (N3) Intraday: bullish bias above 72.00.
Pivot:
72.00
Our preference:
Long positions above 72.00 with targets at 73.20 & 73.80 in extension.
Alternative scenario:
Below 72.00 look for further downside with 71.00 & 70.10 as targets.
Comment:
Technically the RSI is above its neutrality area at 50.