Crude Oil Daily Chart (Update) : The Downside Prevails.
Pivot : 50.75
Preference : short positions below 50.75 with targets at 47.05 & 45.10 in extension.
Alternative scenario: above 50.75 look for further upside with 52.65 & 55.00 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
55.00 *
52.65 **
50.75 ***
48.11 Last
47.05 ***
45.10 **
42.00 **
Preference : short positions below 50.75 with targets at 47.05 & 45.10 in extension.
Alternative scenario: above 50.75 look for further upside with 52.65 & 55.00 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
55.00 *
52.65 **
50.75 ***
48.11 Last
47.05 ***
45.10 **
42.00 **
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