"Hello traders, I am focusing on oil in the high timeframe. Oil, being a critical commodity, is heavily influenced by global political situations. Observing institutional orders, I anticipate that the price could potentially rise above $75 on the weekly and monthly charts. This week, due to low market liquidity caused by the holiday period, it is advisable to closely monitor the price for further analysis post-holidays."
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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.