Oil is edging higher
Oil is edging higher above 73.60. It is in the rising wedge and for clear confirmed upside continuation, we need to see a confirmed breakout above 75.60. Break above this level would mean that the rising wedge (usually bearish) will be invalidated and the Oil is extending higher to test a key 77.5 resistance.
Note: look for the long trade entries upon a break above 75.60 to enter the long trade
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