Crude Oil (WTI) (V4) Intraday: key resistance at 70.40.
Pivot:
70.40
Our preference:
Short positions below 70.40 with targets at 67.70 & 67.00 in extension.
Alternative scenario:
Above 70.40 look for further upside with 71.45 & 72.10 as targets.
Comment:
The RSI is below its neutrality area at 50%