• Crude Oil (WTI) (N6) Intraday: bullish bias above 48.70


       
     
    Pivot: 48.70

    Most Likely Scenario: long positions above 48.70 with targets @ 49.70 & 50.23 in extension.

    Alternative scenario: below 48.70 look for further downside with 48.20 & 47.65 as targets.

    Comment: a support base at 48.70 has formed and has allowed for a temporary stabilisation.

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