Oil is testing a key support
Oil is testing a key support 57.50. A confirmed break below this level is required for the downside reversal. A bounce here would lead to a test of 60.500 for the upside continuation in the 5th wave. A break above 60.50 will increase the possibility of an upside swing to 74.50.
Note – Look for the trade entries based on the price action at the indicated levels
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