Contributors Technical Analysis Crude Oil Rebound In Sight

Crude Oil Rebound In Sight

Pivot (invalidation): 60.10

Our preference Long positions above 60.10 with targets at 61.20 & 61.60 in extension.

Alternative scenario Below 60.10 look for further downside with 59.70 & 59.25 as targets.

Comment The RSI broke above a declining trend line.

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