Contributors Technical Analysis Crude Oil Towards 50.70

Crude Oil Towards 50.70

Pivot (invalidation): 49.80

Our preference Long positions above 49.80 with targets at 50.45 & 50.70 in extension.

Alternative scenario Below 49.80 look for further downside with 49.45 & 49.10 as targets.

Comment The RSI is bullish and calls for further upside.

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