Crude Oil (NYMEX) (V4) Intraday: bullish bias above 92.5. Back
Pivot: 92.5
Our preference: Long positions above 92.5 with targets @ 94.5 & 95.4 in extension.
Alternative scenario: Below 92.5 look for further downside with 92 & 91.6 as targets.
Comment: A support base at 92.5 has formed and has allowed for a temporary stabilisation
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