Contributors Technical Analysis Crude Oil: Key Resistance At 42.05

Crude Oil: Key Resistance At 42.05

Pivot (invalidation): 42.05

Our preference Short positions below 42.05 with targets at 41.50 & 41.15 in extension.

Alternative scenario Above 42.05 look for further upside with 42.30 & 43.60 as targets.

Comment As Long as the resistance at 42.05 is not surpassed, the risk of the break below 41.50 remains high.

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