Crude Oil (WTI) (V4) Intraday: under pressure.
Pivot:
72.90
Our preference:
Short positions below 72.90 with targets at 71.00 & 70.00 in extension.
Alternative scenario:
Above 72.90 look for further upside with 73.65 & 74.30 as targets.
Comment:
The break below 72.90 is a negative signal that has opened a path to 71.00.