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Will oil price return to trade above $ 70 levels or below $ 50?

Crude oil Technical analysis

Oil futures rose by more than 4% on Wednesday focused on geopolitical issue - is it sign for changes




oil Technical analysis
Crude oil  analysis


Crude oil technical analysis:
Short term bearish as long crude oil remain below 56.80
Medium term bearish as long crude oil remain below 57.30+-
Long term bearish as long crude oil remain below 58.60+-Suggest more down to test price below 55 $ such as 54.20-54.80 $ or even 53$
Break above 58.30 will lead again to high prices – break down 52.80 will confirm more downs
I noticed similar management had happened the price bands in the past
(Price band meeting) And if that is the case then the chances of a price increase are high
If that is so then I expect oil prices to return  trading above $ 70


oil forecast analysis
oil news






This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice

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