Contributors Technical Analysis Crude Oil: Key Resistance At 40.15

Crude Oil: Key Resistance At 40.15

Pivot (invalidation): 40.15

Our preference Short positions below 40.15 with targets at 39.30 & 38.85 in extension.

Alternative scenario Above 40.15 look for further upside with 40.55 & 40.90 as targets.

Comment As Long as the resistance at 40.15 is not surpassed, the risk of the break below 39.30 remains high.

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