Oil is due for retracement if 52 price level is heavily supported with a hammer candlestick close today. A retracement back to the 56 level is very likely possible. A sell limit at 56.7 is a good trend continuation trade.
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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.