Oil is reaching the falling wedge resistance
Oil is reaching the falling wedge resistance of 69.50. This resistance is the key to the upside continuation. A break above is required for the extension higher in the channel. A rejection from here could lead to a swing lower and a test of 63.90 again. The monthly closing candle will certainly be bearish.
Note: look for the short trade entries with the stop loss above 69.50
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