Oil is testing 97
Oil pulled back from 120 and is reaching the confluence of the support at 97. A bounce from here will set a stage for the upside swing and a test of 130 where the fifth wave of the impulsive five waves higher will finish or a tad higher from there. Look at this as a correction of an uptrend and not a reversal as it is not that.
Note: look for the long trade entries with the stop loss below 96
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