Crude Oil (WTI) (V4) Intraday: under pressure.
Pivot:
74.70
Our preference:
Short positions below 74.70 with targets at 72.90 & 71.80 in extension.
Alternative scenario:
Above 74.70 look for further upside with 75.70 & 76.60 as targets.
Comment:
The RSI is bearish and calls for further decline.