Crude Oil (WTI) (Z4) Intraday: the downside prevails.
Pivot:
69.50
Our preference:
Short positions below 69.50 with targets at 68.15 & 67.40 in extension.
Alternative scenario:
Above 69.50 look for further upside with 70.15 & 70.65 as targets.
Comment:
The RSI has just struck against its neutrality area at 50% and is reversing down.