The early price surge was fueled by optimism over the U.S. stimulus package and the start of a European vaccination campaign. The move came to a screeching halt on concerns over weaker demand and the prospect of higher OPEC+ output. as you saw my previous analysis on oil i you fallowed the analysis the price got support at 47.50 now were looking to bake another run all the way to $49.30 look for buying opportunities on oil
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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.