Crude oil has consistently respected the strong support level around $67, leading to multiple bullish reversals. The presence of a triple bottom structure further reinforces the potential for an upward continuation. It is important to wait for the price to confirm a bullish breakout on the key level, as this would indicate a clear shift in the market structure.
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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.