Contributors Technical Analysis Crude Oil Rebound Expected

Crude Oil Rebound Expected

Pivot (invalidation): 51.00

Our preference Long positions above 51.00 with targets at 52.25 & 52.80 in extension.

Alternative scenario Below 51.00 look for further downside with 50.10 & 49.40 as targets.

Comment The RSI has just landed on its neutrality area at 50% and is turning up.

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