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Crude Oil Rebound Expected

Pivot (invalidation): 66.30

Our preference Long positions above 66.30 with targets at 67.45 & 68.00 in extension.

Alternative scenario Below 66.30 look for further downside with 65.75 & 65.35 as targets.

Comment The RSI has broken up its 30 level. Crude Oil rebounds after hitting the July 18 low at 66.3.

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