USD 110 was the long term support. The support is working like a Spring, it bounces Cruel Oil back to USD 125.
At this level, it breaks up the 20 Moving Average (MA) and shows a turning up for immediate term. Therefore it may bounce to USD 130 in near term.
At this level, it breaks up the 20 Moving Average (MA) and shows a turning up for immediate term. Therefore it may bounce to USD 130 in near term.
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