Tanalys

Crude Oil (NYMEX) (H5) Intraday: supported by a rising trend line.

Pivot: 49.7

Our preference: Long positions above 49.7 with targets @ 52.55 54 in extension.

Alternative scenario: Below 49.7 look for further downside with 48.7 48 as targets.

Comment: The RSI is mixed with a bullish bias.

Supports and resistances:

55.55

54

52.55

51.72 Last

49.7

48.7

48

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