Oil is breaking above the falling trend line.
Oil has bounced from the significant support of 92.5. The consolidation seems to be over, and the recent price action confirms that. A break above the 105 is now opening an upside continuation extension and a test of 115. Only a break below 100 will lead to an invalidation of the upside continuation.
Note: look for the long trade entries with the stop loss below 102
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