Contributors Technical Analysis Crude Oil Rebound Expected

Crude Oil Rebound Expected

Pivot (invalidation): 32.45

Our preference Long positions above 32.45 with targets at 34.10 & 34.65 in extension.

Alternative scenario Below 32.45 look for further downside with 31.75 & 31.35 as targets.

Comment The RSI is bullish and calls for further upside.

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