RESISTANCE BECOMING SUPPORT : long

Hello Traders,

Here we can see textbook example of how strong resistance can be later used as strong support , In days to come we expect channel top line to act as strong support and prevent price dipping further ,

Over all bias is strongly bullish on Oil as price was already trading in Bullish ascending channel & managed to jump above same coming out of range towards up & hence buying in dips from bottom of range towards 70 price Level is recommended.

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