Crude Oil (WTI)‎ (V4)‎ Intraday: under pressure.

Pivot:

74.70

Our preference:

Short positions below 74.70 with targets at 72.90 & 71.80 in extension.

Alternative scenario:

Above 74.70 look for further upside with 75.70 & 76.60 as targets.

Comment:

The RSI is bearish and calls for further decline.