Crude Oil (WTI) (J5) Intraday: the downside prevails.
Pivot:
71.00
Our preference:
Short positions below 71.00 with targets at 69.80 & 69.35 in extension.
Alternative scenario:
Above 71.00 look for further upside with 71.40 & 71.70 as targets.
Comment:
A break below 69.80 would trigger a drop towards 69.35.