Crude Oil (WTI) (H5) Intraday: the downside prevails.
Pivot:
73.80
Our preference:
Short positions below 73.80 with targets at 72.40 & 71.80 in extension.
Alternative scenario:
Above 73.80 look for further upside with 74.50 & 75.15 as targets.
Comment:
As long as the resistance at 73.80 is not surpassed, the risk of the break below 72.40 remains high.