Pivot (invalidation): 56.75
Our preference
Short positions below 56.75 with targets at 55.55 & 55.25 in extension.
Alternative scenario
Above 56.75 look for further upside with 57.20 & 57.55 as targets.
Comment
The RSI is bearish and calls for further decline. Crude Oil broke below a rising trend line drawn
from March 3
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