Crude Oil (WTI) (F5) Intraday: under pressure.
Pivot:
69.70
Our preference:
Short positions below 69.70 with targets at 68.50 & 67.60 in extension.
Alternative scenario:
Above 69.70 look for further upside with 70.50 & 71.25 as targets.
Comment:
The RSI has broken down its 30 level.