(15 JULY 2020)Crude Oil (WTI) Target 41.40.

<p>Pivot</p>
<p>&nbsp;(invalidation): 39.90 Our preference</p>
<p>Long positions above 39.90 with targets at 40.85 &amp; 41.40 in extension.</p>
<p>Alternative scenario</p>
<p>Below 39.90 look for further downside with 39.50 &amp; 39.10 as targets.</p>

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