Crude Oil - 4h Chart Analysis
The trend remains bearish for now but it`s possible to see a retrace towards the Resistance Level of 53.25 with the condition that the price will cross the Pivot Level.
But if the price will bounce back from the Pivot Level, the main scenario remains the one according to which the target price is the Support Level of 52/barrel.
But if the price will bounce back from the Pivot Level, the main scenario remains the one according to which the target price is the Support Level of 52/barrel.
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