We could see this triangle break for a short term long trade. the price resistance is $55 thereabout. Oil is predominantly SHORT until the uptrend is confirmed.
Nota
A break below 52 confirms the dominant direction of the trend and all positions will be short.
Penafian
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Penafian
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.