63.00 will set the tone in USOIL
Upward trend continues with limited movements in USOIL. After the retaliation of Iran last night, USOIL got hard reactions in upward direction and the movements continue above 62.50. 63.00 and 64.00 levels will decide whether the current buying movements will continue in the commodity. Additionally, if the movements exceed this level, 66.50 will be on our radar. If the commodity retreats, 62.50 and 61.70 will be our support levels.
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