Oil’s technical picture remains favourable to market bulls. Prices found support this week above $74 per barrel, and the recent consolidation could be a pause to an additional upward price movement this week depending on market developments. I do expect consolidation will be short lived.
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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.