Pivot: 46.1
Our preference: Long positions above 46.1 with targets @ 47.34 47.75 in extension.
Alternative scenario: Below 46.1 look for further downside with 45.37 45 as targets.
Comment: Crude Oil broke above a declining trend line, which emerged on Sept 17.
Supports and resistances:
48.06
47.75
47.34
46.74 Last
46.1
45.37
45
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