Crude Oil (WTI) (M3) Intraday: 74.60 in sight.
Pivot:
71.90
Our preference:
Long positions above 71.90 with targets at 73.90 & 74.60 in extension.
Alternative scenario:
Below 71.90 look for further downside with 70.90 & 70.00 as targets.
Comment:
The RSI has just landed on its neutrality area at 50% and is turning up.
