Contributors Technical Analysis Crude Oil Under Pressure

Crude Oil Under Pressure

Pivot (invalidation): 51.40

Our preference Short positions below 51.40 with targets at 50.20 & 49.30 in extension.

Alternative scenario Above 51.40 look for further upside with 52.10 & 52.60 as targets.

Comment As Long as 51.40 is resistance, likely decline to 50.20.

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