Crude Oil (WTI) (M4) Intraday: under pressure.
Pivot:
78.90
Our preference:
Short positions below 78.90 with targets at 77.30 & 76.95 in extension.
Alternative scenario:
Above 78.90 look for further upside with 79.50 & 79.95 as targets.
Comment:
The RSI has broken down its 30 level.