after impulsive move to the upside, intermidiate ressistance has been violated. The price formed corrective move and test the same ressistance now becomming support. In conjunction
with EMA50 and the recent EIA bullish report, I expect the price to hit the upper range boundry of 57.31
R:R 2:1
Note
Stop loss can be moved to 55.54 to prevent any loss
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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.