Oil (Can Swing A bit Lower For Now)

Oil

We had an abrupt sell down last week, and it is under strong BEAR trend. So, I will say "Sell" side is a better bet as an immediate term and it can swing to a nice and strong support level such as $63.8 for now.

In the medium term, I see 59 to 61 will be a very strong support region and the price will have have a very hard time breaking down from that regions.


Let's see.


DYODD and Trade Safe
s0nic



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Comment:

It is going lower as we expected!