Tanalys

Crude Oil (NYMEX) (F5) ST: under pressure.

Pivot: 70

Our preference: Short positions below 70 with targets @ 48 45 in extension.

Alternative scenario: Above 70 look for further upside with 77 84 as targets.

Comment: The RSI has broken down its 30 level.

Supports and resistances:

84 **

77 **

70 ***

55.05 Last

48 **

45 **

39 **

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