USOIL News

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Last Updated Date: 30 April 2021 @ 11:22 AM (UTC)
*Please note that all the dates are in GMT time zone

Oil was down Friday morning in Asia, but still headed towards a weekly gain as signs of strengthening U.S. and China demand raised fuel demand hopes.

The market is signaling a short term turnover and calls for pressured action to attack 62.67. A close under 62.67 calls for a drop to 60.42. Any corrective action contained inside 65.40 range will remain setup for selloffs. A close over 65.80 is needed to trigger a bullish turnaround.
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