OIL will rise a bit more, then fall. Sell!
OIL is going UP on the fundamentals.
Improved outlook on the economic Recovery rate
Based on the vaccine successes
Consequently improves outlook on oil demand
Therefore we see a price increase.
However, On the technical side
We see a strong rising resistance ahead.
That is my target short spot
From which I expect oil to retest falling support
Sell!
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