Oil is currently within a symemtric triangle which is comming from a down trend. I expect further price dumps under 50 $ if we dont see a clear brakeout above triangle and important resistance at 55 $. Oil production reducement by OPEC states is a good bullish indicator and could give oil an boost.
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
