Today, the EIA will release weekly crude oil inventories.
We see the wedge rising formation in oil.
With the break of level 53.30, we expect a decline until the 52.04 support, the lower band of the wedge rising.
If the 52.04 level breaks, the sales pressure can take up to 50.39.
We see the wedge rising formation in oil.
With the break of level 53.30, we expect a decline until the 52.04 support, the lower band of the wedge rising.
If the 52.04 level breaks, the sales pressure can take up to 50.39.
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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.