Crude Oil Watch 73.90

Pivot (invalidation): 75.40

Our preference Short positions below 75.40 with targets at 73.90 & 73.35 in extension.

Alternative scenario Above 75.40 look for further upside with 75.95 & 76.45 as targets.

Comment As Long as 75.40 is resistance, expect a return to 73.90. Crude Oil broke below the rising channel.

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