Crude Oil (WTI) (G19) Intraday: further upside.

Crude Oil (WTI) (G19) Intraday: further upside.
Pivot: 48.10

Most likely scenario: long positions above 48.10 with targets at 49.25 & 49.90 in extension.

Alternative scenario: below 48.10 look for further downside with 47.45 & 46.50 as targets.

Comment: the RSI advocates for further upside. The prices are trading above the 20-period and 50-period moving averages.

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