Light Crude Oil Futures
Short
Updated

Possible upward pullback

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Crude oil is on a bearish trend based on higher timeframes but is currently showing bullish pressure as a potential pullback. The potential upward pullback may try to retest the 70.0 barrier. Breaking further and settling above the 70.0, may see a rise towards resistance barriers between 71.00 and 73.00 as potential bearish sell zones.
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As long as the price action is above 65.30 without settling, the bullish pullback is still valid.

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