Tanalys

Crude Oil (NYMEX) (H5) Intraday: further upside.

Pivot: 50.2

Our preference: Long positions above 50.2 with targets @ 54.3 56 in extension.

Alternative scenario: Below 50.2 look for further downside with 49 47.4 as targets.

Comment: The RSI is mixed to bullish.

Supports and resistances:

58

56

54.3

51.63 Last

50.2

49

47.4

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