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| Crude Oil (May 08) intraday: The downside prevails |
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Pivot: 104.15
Our preference: SHORT at 104 with targets at 101.3 and 99.8.
Alternative scenario: A penetration
of 104.15 would call for 105.04.
Comment: The price fell below its 60-min 20MA. The RSI doesn't show any clear reversal
signs.
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