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Oil is Bullish and Continues Up

By
Nenad Kerkez
Published: Jun 9, 2021, 07:29 GMT+00:00

Oil is bullish and we should see a continuation to the upside. the 78.6-88.6 zone is where we expect the price to bounce.

WTI and Brent Crude Oil

A bounce off the zone is supported by a trendline and the W L3 camarilla pivot. We should see an extension to the upside and possible move towards D H5 71.86. This looks like a bullish continuation move and a close above 70.50 could make a direct bounce to the TP. Buying the dips is a good option.

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Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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