Long position entry for oil requires breaking resistance

Oil USDWTI breaks triangle pattern and touches yearly support level,

indicating a potential corrective move. Weak momentum in the downtrend and formation of a reversal pattern support this analysis. To enter a long position, oil must break the downtrend line and the last resistance level at 67.23. The first target is at 69.52 and the second at 70.95.

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Trade closed: target reached:

Target Reacted