Crude Oil (WTI) (G4) Intraday: key resistance at 71.30.
Pivot:
71.30
Our preference:
Short positions below 71.30 with targets at 70.10 & 69.45 in extension.
Alternative scenario:
Above 71.30 look for further upside with 72.00 & 72.60 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.