Crude Oil (WTI) (V4) Intraday: the downside prevails.
Pivot:
74.50
Our preference:
Short positions below 74.50 with targets at 72.30 & 71.50 in extension.
Alternative scenario:
Above 74.50 look for further upside with 75.30 & 76.00 as targets.
Comment:
The RSI has broken down its 30 level.