USOIL News

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Last Updated Date: 31 March 2021 @ 9:27 AM (UTC)
*Please note that all the dates are in GMT time zone

Yesterday the market went up to the 62.30 level. The failed test up around the 62.30 resistance continues a turn back to short term bear trending action. Selloffs after the close has trade poised for a bear day and close under 59.41 implies a bear wave to 57.40. Any corrective congestion capped under 61.30 should bear flag a setup for selloffs. A close over 62.52 is needed to reject the downturn.


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