Crude Oil (May 13) intraday: the downside prevails.
Pivot: 97.85
Our preference: SHORT positions below 97.85 with 95.9 & 95.25 in sight.
Alternative scenario: The upside penetration of 97.85 will call for a rebound towards 98.35 & 98.95.
Comment: the RSI has struck against a major resistance around 70% and is reversing down.


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