3 min readOIL (WTI/USD | BRENT):
Oil has been a fascinating asset to track over the past few weeks, particularly amid the buzz surrounding the executive orders signed by Trump.
A closer look at the technicals clearly shows that we have rejected this descending trend line, which also coincides with the key psychological level of $78.00. In my previous analysis of oil, I highlighted this as a crucial area to watch, noting the importance of breaking above and holding it as support. Now, I’ll be closely monitoring price action in the coming weeks to see whether we move lower and retest previous support levels.
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