Oil is bouncing off the support

Oil tested the strong support and bounced

 

Oil is bouncing off the 95. It is bouncing from the important support level and this level hold could mean a continuation upside if we get a confirmed break above 104. A break below 95 and 90 is now required for a downside reversal and a deeper pullback

Note: look for the long trade entries with the stop loss above 12600

 

Oil support bounce

 

 

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