Oil is testing the 109 resistance.
Oil is still in the consolidation, supported by the 95-100 zone. We need to see a break above 109, the ascending triangle resistance for the continuation higher to 130 again. Only a break below 100 will invalidate this scenario. This break above 109 would also mean the extension higher in the final fifth wave advance.
Note: look for the long trade entries with the stop loss below 106
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