Oil has seen two violant down days. Those type of days typically appear at the end of a strong trend, showing exhaustion. From this chart, we can see if the lower white line holds, then the divergence could start to play out for a trip back to 57s, and perhaps to above 60s.
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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.