Possible resistance for WTI oil
At the maroon colored trend line where the arrow is. Similar line can be drawn on Brent.
I will be looking here for price either to break up (then I would consider the oil bear market is finished, however this line is at a higher price if drawn in log-scale) or to turn down again.
I will be looking here for price either to break up (then I would consider the oil bear market is finished, however this line is at a higher price if drawn in log-scale) or to turn down again.
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