Crude Oil (WTI) (U4) Intraday: the downside prevails.
Pivot:
80.00
Our preference:
Short positions below 80.00 with targets at 78.55 & 77.70 in extension.
Alternative scenario:
Above 80.00 look for further upside with 80.80 & 81.35 as targets.
Comment:
The RSI is bearish and calls for further decline.