Note

Crude Oil: Rebound

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Pivot (invalidation): 47.75

Our preference Long positions above 47.75 with targets at 48.60 & 48.95 in extension.

Alternative scenario Below 47.75 look for further downside with 47.50 & 47.20 as targets.

Comment The RSI is mixed with a bullish bias.

Crude Oil: Rebound

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