The price has rebounded towards the zone of resistance in 47.00 / 46.8 I consider this movement part of a correction that could at best develop in an A-B-C. Once this corrective process is concluded, oil should continue its bearish process with two reference levels: 44.09 / 43.5 and the medium medium support area between 40.2 / 39.5.
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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.