Contributors Technical Analysis Crude Oil Capped By A Negative Trend Line

Crude Oil Capped By A Negative Trend Line

Pivot (invalidation): 36.60

Our preference Short positions below 36.60 with targets at 35.90 & 35.50 in extension.

Alternative scenario Above 36.60 look for further upside with 37.10 & 37.75 as targets.

Comment The upward potential is likely to be limited by the resistance at 36.60.

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