Crude Oil (WTI) (J5) Intraday: bullish bias above 70.75.
Pivot:
70.75
Our preference:
Long positions above 70.75 with targets at 71.85 & 72.20 in extension.
Alternative scenario:
Below 70.75 look for further downside with 70.45 & 70.15 as targets.
Comment:
The RSI is above its neutrality area at 50%.