OIL : Price Is Testing A Critical ZONE

OIL : Price Is Testing A Critical ZONE

The price has been trading below 88 since mid-November 2022.

Over the last week, we can see that it is finally testing 88 again and
it seems that this area turned into very strong resistance and
decisive for the new direction of the price.

If the price manages to break 88 this time, it will find more
buyers to support the bullish move.

As long as the price will develop below 88 sellers will still have
control over price direction.

Thanks and good luck!

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