Crude Oil is currently trading around the 38-39$, as weekly bias for this week remains bearish as long as we are below 42.14 - 42.83 Pivots as Crucial Point with fibo50%.
a move up above 43$ would be a bullish signal and indicative of a resumption of recent bullish gains.
* Im not trading this , just internal use*
Comment
The oil cartel is scheduled to publish its monthly oil report on Wednesday, where fresh demand and supply projections are expected. Moreover, the report will also show OPEC's monthly oil production.
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