Uptrend still intact.
WTI recovered back to Pre-Covid price level when it started to fall since Jan 2020.
To break above the resistance level, we need a strong reason. For now, it should be:
1) Reopen of Economy (Require more oil consumption)
2) Biden takes first military action with Syria strike on Iran-backed militias
WTI recovered back to Pre-Covid price level when it started to fall since Jan 2020.
To break above the resistance level, we need a strong reason. For now, it should be:
1) Reopen of Economy (Require more oil consumption)
2) Biden takes first military action with Syria strike on Iran-backed militias
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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.