Contributors Technical Analysis Crude Oil Bullish Bias Above 55.35

Crude Oil Bullish Bias Above 55.35

Pivot (invalidation): 55.35

Our preference Long positions above 55.35 with targets at 56.00 & 56.40 in extension.

Alternative scenario Below 55.35 look for further downside with 54.90 & 54.50 as targets.

Comment The RSI is mixed and calls for caution.

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