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Crude Oil Price

Crude Oil (NYMEX) (G5) Intraday: caution.

Pivot: 48.9

Most Likely Scenario: Short positions below 48.9 with targets @ 45.95 & 45.05 in extension.

Alternative scenario: Above 48.9 look for further upside with 49.65 & 51.4 as targets.

Comment: Intraday technical indicators are mixed and call for caution.

Oil Chart

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