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

Pivot:

72.90

Our preference:

Short positions below 72.90 with targets at 71.00 & 70.00 in extension.

Alternative scenario:

Above 72.90 look for further upside with 73.65 & 74.30 as targets.

Comment:

The break below 72.90 is a negative signal that has opened a path to 71.00.