Crude Oil has recently broken a massive horizontal demand cluster.
70.0 - 74.0 is the zone that was a key structure support and that was respected multiple time in the recent past.
After a breakout, the underlined area turned into a supply zone.
Probabilities will be high that the next bearish wave will initiate from that.
Goal - 66.3
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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.