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Source :FxPro Forex Broker

Crude Oil (WTI) (N5) Intraday: further advance.

Pivot: 58.95

Most Likely Scenario: Long positions above 58.95 with targets @ 60.9 & 61.4 in extension.

Alternative scenario: Below 58.95 look for further downside with 57.8 & 57.35 as targets.

Comment: Technically the RSI is above its neutrality area at 50.

Oil Chart

oil

 

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