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

Crude Oil (WTI) (G19) Intraday: further upside.
Pivot: 53.35

Most likely scenario: long @ 53.90 with targets @ 54.15 & 54.75 in extension.

Alternative scenario: below 53.35 look for further downside with 52.90 & 52.45 as targets.

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

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