Tanalys

Crude Oil (WTI) (V5) ST: rebound.

Pivot: 37.5

Our preference: Long positions above 37.5 with targets @ 54 56.5 in extension.

Alternative scenario: Below 37.5 look for further downside with 33 25 as targets.

Comment: The RSI is mixed with a bullish bias.

Supports and resistances:

61.5 **

56.5 **

54 ***

47.85 Last

37.5 **

33 **

25 **

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