Contributors Technical Analysis Crude Oil Key Resistance At 53.60

Crude Oil Key Resistance At 53.60

Pivot (invalidation): 53.60

Our preference Short positions below 53.60 with targets at 53.20 & 53.00 in extension.

Alternative scenario Above 53.60 look for further upside with 54.00 & 54.25 as targets.

Comment The RSI has just struck against its neutrality area at 50% and is reversing down.

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