Crude Oil: Choppy

Pivot (invalidation): 45.55

Our preference Short positions below 45.55 with targets at 44.40 & 44.00 in extension.

Alternative scenario Above 45.55 look for further upside with 46.25 & 46.55 as targets.

Comment As Long as 45.55 is resistance, look for choppy price action with a bearish bias.

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