ContributorsTechnical Analysis Crude Oil Rebound In Sight By Swissquote Bank SA - Aug 06 19, 07:50 GMT FacebookTwitterPinterestWhatsAppLinkedinEmailPrint Pivot (invalidation): 54.25 Our preference Long positions above 54.25 with targets at 56.05 & 56.50 in extension. Alternative scenario Below 54.25 look for further downside with 53.60 & 53.25 as targets. Comment The RSI calls for a rebound.