Oil is testing the upside resistance support
Oil is testing an upside resistance support trend line 64.70. A confirmed break below this level could lead to a downside reversal and a test of 57.50 lower. A bounce from here will lead us to an upside continuation. There is a double top indication and a possible end of the 5 waves higher so you could wait for a break below this resistance for the short trades. For the long trade entries, we need to see a break above 67.30.
Note – look for the short trade entries upon a break below 64.70
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