Contributors Technical Analysis Crude Oil Bullish Bias Above 65.50

Crude Oil Bullish Bias Above 65.50

Pivot (invalidation): 65.50

Our preference Long positions above 65.50 with targets at 66.10 & 66.40 in extension.

Alternative scenario Below 65.50 look for further downside with 64.80 & 64.45 as targets.

Comment A support base at 65.50 has formed and has allowed for a temporary stabilisation.

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