Resistance in play for OIL

Updated

Looking to see if Oil breaks above $76 and form new support before heading to $77 and $78 where it might bounce off the longer term downtrend again...
Open for discussion, trade at your own risk... have fun!

Note

Touching $77 today! Hopefully establishes support there and continues higher. Inventory is low, demand is increasing, 2023 looks bullish so far although expect market to be volatile as western governments battle inflation.

caugfour

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