Crude Oil (WTI) (M5) Intraday: the downside prevails.
Pivot:
63.00
Our preference:
Short positions below 63.00 with targets at 61.70 & 61.10 in extension.
Alternative scenario:
Above 63.00 look for further upside with 63.55 & 63.90 as targets.
Comment:
The RSI has broken down its 30 level.