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Pivot: 63.60

Our preference: short positions below 63.60 with targets at 63.05 & 62.75 in extension.

Alternative scenario: above 63.60 look for further upside with 64.00 & 64.30 as targets.

Comment: as long as the resistance at 63.60 is not surpassed, the risk of the break below 63.05 remains high. Crude Oil is trading below both declining 20-period and 50-period moving averages.

Chart Caption
   Green Lines Represent Resistances
   Red Lines Represent Support Levels
   Light Blue is a Pivot Point
   Black represents the price when the report was produced

Kategori: Analisa