Contributors Technical Analysis Crude Oil Consolidation In Place

Crude Oil Consolidation In Place

Pivot (invalidation): 58.20

Our preference Short positions below 58.20 with targets at 57.20 & 56.70 in extension.

Alternative scenario Above 58.20 look for further upside with 58.75 & 59.25 as targets.

Comment As Long as 58.20 is resistance, expect a return to 57.20.

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