Contributors Technical Analysis Crude Oil Key Resistance At 50.45

Crude Oil Key Resistance At 50.45

Pivot (invalidation): 50.45

Our preference Short positions below 50.45 with targets at 49.70 & 49.30 in extension.

Alternative scenario Above 50.45 look for further upside with 51.00 & 51.55 as targets.

Comment The upward potential is likely to be limited by the resistance at 50.45.

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