Crude Oil (WTI) (N5) Intraday: the downside prevails.
Pivot:
61.90
Our preference:
Short positions below 61.90 with targets at 60.80 & 60.10 in extension.
Alternative scenario:
Above 61.90 look for further upside with 62.35 & 62.70 as targets.
Comment:
The RSI has broken down its 30 level.