Clearly the support has held and a bounce is occurring due to news on oil production cuts over the weekend.
Now we just have to see if price action results in a CHANGE OF BEHAVIOUR to usher in a potential long-term price reversal. As it stands, the downtrend remains in tact.
Now we just have to see if price action results in a CHANGE OF BEHAVIOUR to usher in a potential long-term price reversal. As it stands, the downtrend remains in tact.
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Disclaimer
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