Crude Oil (WTI) (J4) Intraday: under pressure.
Pivot:
79.75
Our preference:
Short positions below 79.75 with targets at 78.20 & 77.65 in extension.
Alternative scenario:
Above 79.75 look for further upside with 80.55 & 81.00 as targets.
Comment:
The RSI is below its neutrality area at 50%