USOIL

reversal point is at 44.16

Our preference: BUY with target above 44.16 points 46.7 and 47.27.

Alternative scenario: A break-down level of 44.16 will open the way to 43.75 and 43.25.

Analysis: From a technical point of view, the RSI is above the neutral zone 50.

Support and resistance levels:
48
47.27
46.7
45.7 Closing price
44.3
43.75
43.25
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