Contributors Technical Analysis Crude Oil Key Resistance At 70.75

Crude Oil Key Resistance At 70.75

Pivot (invalidation): 70.75

Our preference Short positions below 70.75 with targets at 69.85 & 69.20 in extension.

Alternative scenario Above 70.75 look for further upside with 71.20 & 71.80 as targets.

Comment As Long as the resistance at 70.75 is not surpassed, the risk of the break below 69.85 remains high.

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