themarketzone
Long

200 days MA line and weekly structure zone

NYMEX:CL1!   Light Crude Oil Futures
Oil             continues its sharp declined that started following a weekly false break to the 50$ handle.
Now Oil             is about to test a weekly structure zone and its 200 days MA line.
Interesting support zone to monitor for potential bullish pullback or bullish continuation trade towards OPEC meeting.

Comment: 200 MA line holds as support
Comment: Another squeeze below the MA line. Critical week ahead
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