Contributors Technical Analysis Crude Oil Look For 40.80

Crude Oil Look For 40.80

Pivot (invalidation): 39.70

Our preference Long positions above 39.70 with targets at 40.35 & 40.80 in extension.

Alternative scenario Below 39.70 look for further downside with 39.25 & 38.70 as targets.

Comment The RSI is bullish and calls for further upside.

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