HomeContributorsTechnical AnalysisCrude Oil The Bias Remains Bullish

Crude Oil The Bias Remains Bullish

Pivot (invalidation): 56.15

Our preference Long positions above 56.15 with targets at 56.75 & 57.00 in extension.

Alternative scenario Below 56.15 look for further downside with 55.80 & 55.40 as targets.

Comment The RSI is mixed and calls for caution.

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