Oil is on a big test in the $68.50 zone. With a break above, the chances for a retest of the $70.00 level increase. A little higher in the $71.00 zone, the EMA 200 moving average is approaching, which was an obstacle to further oil price recovery on the previous two occasions.
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Related publications
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.