Contributors Technical Analysis Crude Oil: Under Pressure

Crude Oil: Under Pressure

Pivot (invalidation): 36.00

Our preference Short positions below 36.00 with targets at 34.50 & 33.85 in extension.

Alternative scenarioAbove 36.00 look for further upside with 37.00 & 37.75 as targets.

Comment The RSI is bearish and calls for further decline.

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