Oil is likely to face resistance around 55.13, the double top and EMA crossover level. While, the immediate support can be seen around 53.11, the symmetric triangle's bullish trendline level. Below this, we may see oil prices falling further until 52.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.