Fundamental punchline - Instability in the middle east! If the current Isreal-Palestine crisis widens to other states in the region, then oil production will likely be affected, therefore, increasing the chances of an oil rally.
Technical Perspective - Bullish trend plus fresh bullish weekly price action from support area
Technical Perspective - Bullish trend plus fresh bullish weekly price action from support area
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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.