Crude Oil (WTI) (H5) Intraday: 71.40 in sight.
Pivot:
70.65
Our preference:
Long positions above 70.65 with targets at 71.40 & 71.80 in extension.
Alternative scenario:
Below 70.65 look for further downside with 70.40 & 70.10 as targets.
Comment:
The RSI calls for a bounce.