Crude Oil (WTI) (F19) Intraday: the upside prevails.
Pivot: 52.60

Most likely scenario: long positions above 52.60 with targets at 54.80 & 55.50 in extension.

Alternative scenario: below 52.60 look for further downside with 52.00 & 50.80 as targets.

Comment: the RSI is bullish and calls for further upside. The 20-period moving average has crossed above the 50-period one.


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