Crude Oil (WTI) (H4) Intraday: under pressure.
Pivot:
73.40
Our preference:
Short positions below 73.40 with targets at 72.00 & 71.30 in extension.
Alternative scenario:
Above 73.40 look for further upside with 74.40 & 75.45 as targets.
Comment:
The index currently faces a challenging resistance area at 73.40.