US Oil can wait for the second rise as the primary rise is over and go through a correction. It should be a weekly correction process. Otherwise, if it falls to the bottom, the running flat pattern becomes an extended pattern, so the next weekly correction process can occur higher. Please take a good look at the daily demand zone today or tomorrow.
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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.