| Trade Idea Crude Oil (Aug 12) intraday: bullish bias above 85.5 |
Pivot: 85.50
Our Preference: LONG positions above 85.5 with 86.45 & 87.1 as next targets. Alternative scenario: The downside breakout of 85.5 will open the way to 84.15 & 83.3. Comment: technically, the RSI is above its neutrality area at 50. |
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Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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