The US Oil Is Entering an Extremely Interesting Area

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The market continues to move near the lower bound of the yellow channel. Since after the rebound from its lower wall, we saw a gradual upward movement, possibly during the next trading week, the bulls will continue to gain potential. In this case, we will see a gradual price rise to the upper green bound, at which the resistance level of 61.83 is. However, if the yellow bound near the level of 51.58 is broken below, the bears will open the way even lower to the lower green wall and the resistance level of 46.54.

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