Oil Nearing Key Historical Support Levels

Oil is nearing a key support level around $16/bbl that stretches all the way back to 2001. If that level fails, there is another key support level ~$10.50/bbl which goes all the back to the late 80's I would have my eye on. I am going to be a speculative long buyer of oil if it breaks $20/bbl.

Commento:

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