Contributors Technical Analysis Crude Oil: Expect 38.00

Crude Oil: Expect 38.00

Pivot (invalidation): 39.90

Our preference Short positions below 39.90 with targets at 38.55 & 38.00 in extension.

Alternative scenario Above 39.90 look for further upside with 40.30 & 40.70 as targets.

Comment The RSI has broken down its 30 level.

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