ContributorsTechnical Analysis Crude Oil Bounce By Swissquote Bank SA - May 07 20, 07:06 GMT FacebookTwitterPinterestWhatsAppLinkedinEmailPrint Pivot (invalidation): 23.40 Our preference Long positions above 23.40 with targets at 24.90 & 25.50 in extension. Alternative scenario Below 23.40 look for further downside with 22.55 & 21.60 as targets. Comment The RSI calls for a bounce.