Crude Oil (WTI) (N5) Intraday: intraday support around 70.90.

Pivot: 70.90

Our preference: long positions above 70.90 with targets at 74.40 & 76.00 in extension.

Alternative scenario: below 70.90 look for further downside with 69.00 & 66.70 as targets.

Comment: the RSI is below its neutrality area at 50% but reversing up.

Supports and resistances:

77.60

76.00

74.40

73.18 Last

70.90

69.00

66.70