Crude Oil (WTI) (F4) Intraday: bullish bias above 70.25.
Pivot:
70.25
Our preference:
Long positions above 70.25 with targets at 72.00 & 72.60 in extension.
Alternative scenario:
Below 70.25 look for further downside with 69.60 & 68.80 as targets.
Comment:
The RSI is above its neutrality area at 50%.