Oil has just tested today the 50.50 1W Support of the Descending Triangle (RSI = 39.101, MACD = -1.300, Highs/Lows = -3.3064). This creates the ideal medium term long entry towards the Triangle's potential Lower High at 56.00. The downside on this is the 42.50 1M Support, while the upside if the pattern breaks (above 61.00) is 66.66 and 74.00 on the long term.
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