Oil Is Bullish And Continues Up

Oil is bullish and we should see a continuation to the upside. The 78.6-88.6 zone is where we expect the price to bounce.

A bounce off the zone is supported by a trendline and the W L3 camarilla pivot. We should see an extension to the upside and possible move towards D H5 71.86. This looks like a bullish continuation move and a close above 70.50 could make a direct bounce to the TP. Buying the dips is a good option.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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