Crude Oil (WTI) (G5) Intraday: under pressure.
Pivot:
69.90
Our preference:
Short positions below 69.90 with targets at 69.20 & 68.80 in extension.
Alternative scenario:
Above 69.90 look for further upside with 70.40 & 70.80 as targets.
Comment:
The RSI is bearish and calls for further downside.