Tanalys

Crude Oil (WTI) (K5) ST: rebound expected.

Pivot: 47

Our preference: Long positions above 47 with targets @ 64 70 in extension.

Alternative scenario: Below 47 look for further downside with 40 33 as targets.

Comment: The RSI advocates for further upside.

Supports and resistances:

77 **

70 **

64 **

55.97 Last

47 ***

40 **

33 **

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