Oil break below 80 will trigger a correction
Oil is testing the key downside reversal 80. A break below this level is required to trigger a downside correction to 75 and lower. There is a confluence of the resistance here, an uptrend line, and a strong horizontal resistance tested already. In this way, we will be having ABC wave correction in full swing.
Note: look for the short trade entries upon a break below 80 with a stop loss just above 81
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