Oil broke the bearish channel forming a new low around 27.50 $ after that it bounced hard and it's approaching to the channel support now resistance without any FA on it's favour.
We could see a perfect pullback to it or a break upside to recover the bearish channel.
Anyway nothing here changes the trend.
Happy Trading
We could see a perfect pullback to it or a break upside to recover the bearish channel.
Anyway nothing here changes the trend.
Happy Trading
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Perfect pullback.