HomeContributorsTechnical AnalysisCrude Oil Key Resistance At 52.90

Crude Oil Key Resistance At 52.90

Pivot (invalidation): 52.90

Our preference Short positions below 52.90 with targets at 51.70 & 50.90 in extension.

Alternative scenario Above 52.90 look for further upside with 53.45 & 54.00 as targets.

Comment As Long as the resistance at 52.90 is not surpassed, the risk of the break below 51.70 remains high.

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