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Oil Market News
Crude Oil (NYMEX) (G5) Intraday: under pressure.
Pivot: 47.8
Most Likely Scenario: Short positions below 47.8 with targets @ 44.5 & 43 in extension.
Alternative scenario: Above 47.8 look for further upside with 48.8 & 49.65 as targets.
Comment: The RSI is capped by a bearish trend line.
Oil Chart
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