Crude Oil (WTI) (J4) Intraday: under pressure.
Pivot:
78.70
Our preference:
Short positions below 78.70 with targets at 77.65 & 77.20 in extension.
Alternative scenario:
Above 78.70 look for further upside with 79.30 & 79.80 as targets.
Comment:
The RSI is below its neutrality area at 50%