Oil failed to break its 1H resistance (in dotted red), the price will return to the 1H ascending support and more than probably rebound on it after that. Any break of the ascending support will have oil return back to the 1D ascending support (in black).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.