Contributors Technical Analysis Crude Oil Bullish Bias Above 58.60

Crude Oil Bullish Bias Above 58.60

Pivot (invalidation): 58.60

Our preference Long positions above 58.60 with targets at 59.25 & 59.55 in extension.

Alternative scenario Below 58.60 look for further downside with 58.30 & 58.05 as targets.

Comment A support base at 58.60 has formed and has allowed for a temporary stabilisation.

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