Crude Oil (WTI) (Z3) Intraday: the downside prevails.
Pivot:
79.00
Our preference:
Short positions below 79.00 with targets at 77.40 & 76.80 in extension.
Alternative scenario:
Above 79.00 look for further upside with 79.75 & 80.30 as targets.
Comment:
The RSI is bearish and calls for further decline.