Oil Nearing Key Historical Support Levels
Oil is nearing a key support level around 116/BBL that stretches all the way back to 2001. If that level fails, there is another key support level ~110.50/BBL which goes all the back to the late 80's I would have my eye on. I am going to be a speculative long buyer of oil if it breaks 20/bbl.
Note
I think this idea will prove to be a good winning one
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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.