HomeContributorsTechnical AnalysisCrude Oil The bias remains bullish.

Crude Oil The bias remains bullish.

Pivot (invalidation): 40.50

Our preference Long positions above 40.50 with targets at 41.05 & 41.30 in extension.

Alternative scenario Below 40.50 look for further downside with 40.10 & 39.70 as targets.

Comment Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

 

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