With a show of Crude Oil Inventories adding 13.8 million barrels oil rallied due to the dollar weakening, after a big rally over the last few days the dollar started to strengthen again due to the bloomberg consumer confidence being strong so i see a short to the recent support and resistance line, expecting a pull back.
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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.