Crude Oil‏ (Oct 13) intraday: the downside prevails

 

Pivot: 106.40

Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.

Alternative scenario: The upside breakout of 106.4 will open the way to 107.5 & 107.9.

Comment: technically, the RSI is below its neutrality area at 50.

Trend: ST Consolidation; MT Bullish