Crude Oil (WTI) (N3) Intraday: under pressure.
Pivot:
71.00
Our preference:
Short positions below 71.00 with targets at 69.00 & 68.25 in extension.
Alternative scenario:
Above 71.00 look for further upside with 71.70 & 72.20 as targets.
Comment:
The RSI is bearish and calls for further decline.