| Pivot: 62.75|
Our preference: long positions above 62.75 with targets at 63.90 & 64.45 in extension.
Alternative scenario: below 62.75 look for further downside with 62.20 & 61.85 as targets.
Comment: the RSI is bullish and calls for further upside. Crude Oil is holding on the upside after breaking above the declining channel.