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Oil News

Crude Oil (NYMEX) (J5) Intraday: further advance.

Pivot: 48.7

Most Likely Scenario: Long positions above 48.7 with targets @ 51.25 & 52.5 in extension.

Alternative scenario: Below 48.7 look for further downside with 47.8 & 47 as targets.

Comment: The RSI is mixed to bullish.

Crude Oil (NYMEX) (J5) Intraday: further advance.

Oil Chart

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