Market have almost crossed the resistance zone it have also retested it successfully after the breakout, its also above 200 ema which is bullish, its also making higher highs and higher lows as per my analysis its good to go higher from here.
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The familiar wedge off the March lows. The very recent price action looks a little more consolidating, almost as if it wants to push up one more time. And given Saudi Arabia's dependence on the price of oil, perhaps a bump on that will do, even if the other markets deteriorate more first.
The long-term chart (below) looks like a long, consolidating period, a huge...