Oil reversal upside to gain traction

Oil is breaking above 85

 

The Oil is breaking above the falling wedge resistance 85. This break is a sign of the upside reversal and continuation higher and is coming after the strong bounce off the long-term uptrend support  77. A break above 90 will lead to an acceleration higher and a run to 100

Note: look for the long trades with a stop loss below 85

 

Oil upside reversal

 

 

 

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