3 min readOIL (WTI/USD | BRENT):
Oil has been a fascinating commodity to watch lately, as ongoing economic uncertainty has continued to create volatility. The price is currently trading just below $71.00.
Looking more closely at the technicals, we can see that the price briefly dipped below this internal ascending trend line before rebounding upward. If this “fake-out” holds, I’ll be watching to see if we can continue pushing higher into the $77.00 range, which aligns with this internal resistance zone.
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