Tanalys

Crude Oil (NYMEX) (G5) Intraday: bullish bias above 46.8.

Pivot: 46.8

Our preference: Long positions above 46.8 with targets @ 50.35 51.15 in extension.

Alternative scenario: Below 46.8 look for further downside with 46 45 as targets.

Comment: The next resistances are at 50.35 and then at 51.15.

Supports and resistances:

52.2

51.15

50.35

48.66 Last

46.8

46

45

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