Contributors Technical Analysis Crude Oil Bullish Bias Above 74.90

Crude Oil Bullish Bias Above 74.90

Pivot (invalidation): 74.90

Our preference Long positions above 74.90 with targets at 75.55 & 75.90 in extension.

Alternative scenario Below 74.90 look for further downside with 74.25 & 73.65 as targets.

Comment A support base at 74.90 has formed and has allowed for a temporary stabilisation.

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