As you can see from the daily chart above, The trend line did a wonderful job preventing the Oil from further correction.
we recommended a sell signal yesterday base on the price action.that indicates a bearish correction. The bias is bullish for the nearest time.. Immediate support at 58.35.. Provided it holds, we expect to see price testing the resistance at 60.35 area. a clear break out of the resistance will target 60.95 and 61.55 area.
Stay Connected and do have a wonderful trading moment ahead.
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