FX:USOIL   Crude Oil (WTI)
Pivot: 47.50

Most Likely Scenario: short positions below 47.50 with targets @ 45.55 & 44.50 in extension.

Alternative scenario: above 47.50 look for further upside with 48.50 & 49.30 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
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