Crude Oil (WTI) (U4) Intraday: watch 75.50.
Pivot:
77.90
Our preference:
Short positions below 77.90 with targets at 76.20 & 75.50 in extension.
Alternative scenario:
Above 77.90 look for further upside with 78.85 & 79.60 as targets.
Comment:
The RSI is bearish and calls for further decline.