Prince building momentum to go higher
Price is currently building momentum to go higher. Current price has lot of resistance at 48,5 - and lower channel wedge line below. Wedge itself has not finished it's constructing, and oil is in a demanding season fundamentally. Market is adopting faster than anticipated to adapt to lower supply as well, supporting stronger price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.