| Pivot: 63.60|
Our preference: short positions below 63.60 with targets at 63.05 & 62.75 in extension.
Alternative scenario: above 63.60 look for further upside with 64.00 & 64.30 as targets.
Comment: as long as the resistance at 63.60 is not surpassed, the risk of the break below 63.05 remains high. Crude Oil is trading below both declining 20-period and 50-period moving averages.