Crude Oil: Choppy

Pivot (invalidation): 40.60

Our preference Short positions below 40.60 with targets at 39.95 & 39.70 in extension.

Alternative scenario Above 40.60 look for further upside with 40.80 & 41.15 as targets.

Comment As Long as 40.60 is resistance, look for choppy price action with a bearish bias.

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