Oil PRICE posibile directions.
If the price brakes 72.00 and the slope of the trend Price will go down to the next liquidity zone 62
If the price test and rejectes from the slope of the up trend the Price will go up to 110.
At fundamental level important factors will be if Saudi Arabia and Russia honor their agreement to increase the oil production until December 2021 and ease oil output cuts between August and December.
If the price test and rejectes from the slope of the up trend the Price will go up to 110.
At fundamental level important factors will be if Saudi Arabia and Russia honor their agreement to increase the oil production until December 2021 and ease oil output cuts between August and December.
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