Contributors Technical Analysis Crude Oil Bullish Bias Above 53.55

Crude Oil Bullish Bias Above 53.55

Pivot (invalidation): 53.55

Our preference Long positions above 53.55 with targets at 54.35 & 54.75 in extension.

Alternative scenario Below 53.55 look for further downside with 52.90 & 52.35 as targets.

Comment The RSI is mixed to bullish.

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