Oil is in a uptrend, but there is some big resistance at the 178 levels. I expect a correction when it hits those levels.
Note
The above is only valid if it can not break the big downtrend line. If it breaks expect some heavy bull run on the price of OIL
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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.