Weekly Watchlist – Oil Analysis

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These days, oil prices have dropped due to the relatively calm situation in the Middle East. However, over the past couple of days, disruptions in tanker traffic suggest that oil could open **higher this week**.
Therefore, a breakout above the channel — after proper confirmation — could present a **long position opportunity**. It’s essential to wait for confirmation to ensure the price doesn’t fake out and return back into the channel.

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