Tanalys

Crude Oil (NYMEX) (H5) Intraday: continuation of the rebound.

Pivot: 50.2

Our preference: Long positions above 50.2 with targets @ 53 54 in extension.

Alternative scenario: Below 50.2 look for further downside with 49.15 48 as targets.

Comment: The RSI is mixed with a bullish bias.

Supports and resistances:

55.55

54

53

51.39 Last

50.2

49.15

48

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