As previously mentioned, Crude Oil has been in a nice uptrend, but has been trading inside that resistance Zone for a long time. Towards the end of this trading week it is failing after trading out of this Zone to the upside. Now Prices are further down again, implying weaker Prices in the coming weeks in Crude Oil.
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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.